Penalty notice u/s 271AAB without specifying ground and default in the show cause notice u/s 274 held not valid –…
Penalty notice u/s 271(1)(c) without specifying specific charge quashed. The decisions relied by Revenue rejected by the Tribunal ABCAUS…
Application of correct limb of penalty u/s 271(1)(c) is a question of fact and not a question of law. ITAT…
If business not closed down, expenses allowed u/s 37(1) even if turnover was low as it was temporary lull which…
Non profit company not a comparable for Transfer Pricing. ITAT directed AO to exclude it from the list of comparables…
ITAT authorised to consider question of jurisdiction raised first time and not raised earlier as it goes to the root…
Reopening u/s 148 alleging evidence discovered with due diligence quashed as no specific failure on part of the assessee was…
Merely a judgment rendered can not be a basis / ground for reopening an assessment u/s 147 unless assessee fails…
CBDT issues Clarification/FAQs on filling ITR forms for the Assessment Year 2019-20 The Income-tax return (ITR) forms for the Assessment…
Monetary limits for filing of Income Tax appeals before ITAT, High Court and Supreme Court increased further by CBDT. Read…