Merely increasing agriculture expenditure & reducing agriculture income will not result in income from other sources - ITAT In a…
Expenses for making house habitable are not renovation expenses and hence qualified for exemption u/s 54 In a recent order,…
Claiming depreciation on revalued cost of assets after conversion of partnership firm into company Supreme Court dismissed Special Leave Petition…
Commercial expediency - Expression “for the purposes of the business” is wider than "for the purpose of earning profits” -…
“LIC Mutual Fund” not ‘Public Financial Institution’, interest payable can not be disallowed u/s 43B In a recent judgment, Hon'ble…
Issue decided on merits by ITAT cannot again be subject matter of reopening of assessment under section 147 In a…
Mere creation of video conferencing (VC) meeting ID/Link does not absolve responsibility of offering personal hearing - High Court In…
Penalty u/s 270A for claiming bogus deductions deleted by ITAT for failure to identify specific Clauses from (a)to (f) of…
Dropped Reassessment proceedings revived by corrigendum on change of opinion without any new material not allowable. In a recent judgment,…
For payment of interest on refund of amounts paid as tax is quite different from amount seized from the possession…