Surplus due to foreign exchange rate fluctuation part of export turnover u/s 80HHC in the year of receipt if brought…
Prosecution u/s 276C of Official Liquidator of company. High Court dismissed the application of Income Tax Department ABCAUS Case Law…
Clubs or associations incorporated prior to 1.7.2012 not liable to service tax on the principle of mutuality ABCAUS Case Law…
Show Cause Notice, Order and Penalty passed during lockdown period quashed as assessee had no opportunity to explain the case.…
Cash credit entries in books of a firm, in absence of material to indicate that they were its profits, could…
Expression “any previous year” in Section 68 refers to previous year relevant to the Assessment Year in question - High…
Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…
e-Assessment proceedings can lead to erroneous assessment if AO not able to understand transactions and accounts without a personal hearing…
Prosecution u/s 276CC-Failure to file ITR was not willful due to seizure of documents required by assessee for examination before…
In absence of accounts/certificate of agriculture activity claimed to have been carried out, mere affidavit not sufficient to discharge the…