Employer deducting Tax on a bonafide estimate cannot be held assessee in default u/s 201(1) as TDS is a tentative…
Penalty u/s 271(1)(c) on proportionate disallowance of interest expenses towards interest free advances given by the assessee deleted ABCAUS Case…
No addition u/s 41(1) can be made unless liability is written off in accounts. AO has to brought evidence on…
No addition made on account of reasons recorded for reopening, the reassessment, order passed was vitiated in law - ITAT…
Reassessment without fresh material with the Assessing Officer to believe that income has escaped assessment is invalid ABCAUS Case Law…
Franchise of Kidzee school chain denied registration u/s 12AA as Trust was running with primary objective of branding and earning…
Penalty u/s 271BA deleted for not uploading audit report in Form No. 3CEB due to technical glitches when report was…
If books of account not maintained penalty u/s 271B cannot be levied for non audit u/s 44AB. ITAT deleted penalty…
Inadequate enquiry leading to assumption of incorrect facts makes the order erroneous and prejudicial to the interests of the revenue…
Penalty u/s 271D-Cash received to get a good bank balance certificate for visa of the daughter constituted a reasonable cause…