Explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) - ITAT In a recent…
Prosecution u/s 276C and 278B upheld for not declaring income surrendered during search in return filed in response to notice…
Income tax e-filing portal enabled mechanism for remitting old tax demands. Check status The Finance Minister while presenting Union Interim…
Penalty u/s 271B deleted as notices were uploaded on portal only, assessee being a divorcee lady could not access income…
Income surrendered in relation to hospital building construction by doctor was not unexplained investment u/s 69 liable to higher tax…
Minimum hotel room occupancy guarantee payments by OYO not liable to TDS u/s 194C - ITAT In a recent judgment…
It is quite reasonable and logical for a married daughter to keep her jewellery with her mother. ITAT deleted addition…
No Penalty u/s 271B for non Tax Audit when AO treated capital gain transaction as business income In a recent…
Employee of IRCTC entitled to full exemption of leave encashment u/s 10(10AA)(i) being employed with Central Government company. In a…
Exemption u/s 54EC allowed as delay in investment in REC Bonds was due to father of the assessee in ICU …