ITAT upheld deletion of disallowance u/s 40A(3) where the nature of business remained the same and the patterns of cash…
High Court allowed deduction u/s 80IA allowed on interest income from fixed deposits and on interest on TDS refund In…
Seizure of jewellery held valid in view of assessee’s failure to substantiate the legitimacy of jewellery, discrepancies in documentation and…
Assessee eligible for deductions u/s 80G for donations out of CRS funds, if condition of sections 80G are satisfied -…
CPC was not authorised to disallow deduction u/s 80P u/s 143(1)(a) for violation of Section 80AC of the Act -…
Conversion of grapes into raisins using traditional ways held as agricultural activity In a recent judgment, ITAT Bangalore has held…
Allowance of an incorrect claim in a later year cannot be used to justify the non-disallowance in an earlier year…
Use of words, “either and or” in recording reasons to believe shows Ao was unsure of the facts and initiated…
The Income Tax Act 2025 received the assent of the President on the 21st August, 2025 and has been notified…
Section 11(2) related to accumulation of income not require that it can be utilized only after expenditure of relevant assessment…