Concealment Penalty u/s 271(1)(c) for claiming capital loss as business loss. No Penalty when the assessee disclosed all the material…
Addition for unexplained expenses incurred on marriage of daughter. High Court remands the matter to Tribunal for fresh adjudication ABCAUS…
Remand of the case by ITAT without setting aside the judgment of CIT(A). High Court directed assessee to move rectification…
Filing subsequent ITRs in time no reason for rejecting petition u/s 119(2)(b) to condone the delay for return filing for…
Demand notice quashed as due to absence of AO it did not precede any hearing as contemplated under Section 274…
High Court stays penalty proceedings during pendency of petition u/s 264 filed before Commissioner of Income Tax ABCAUS Case Law…
Share Capital/Premium can not be regarded as undisclosed income. High Court deleted addition made for share premium u/s 68 ABCAUS…
High court orders inquiry for manipulation of reasons to believe and role of the AO. Recommends strict disciplinary action for…
Deliberate non production of books of account held as concealment of income. Books maintained in computer even if lost can…
Tahbazari is not covered under TCS provisions u/s 206C(1C). Toll plaza does not include Tahbazari as there is no toll…