Non-cultivation of land due to vagaries of nature will not change the character of land from agriculture to non- agricultural…
Additional depreciation on small items engaged in manufacturing of food products allowed. It cannot be denied for installing items at…
Assessment of Firms-Some of important issues to be kept under consideration by the Assessing Officers while framing assessment Circular No.…
Assessee is entitled to claim set-off of loss against income determined under section 115BBE of the Act till the assessment…
Depreciation on intangible assets on conversion of proprietorship into private limited company allowed as the transaction was not considered sham…
Addition made in the present year to work-in-progress to be considered as opening stock next year-ITAT directs AO ABCAUS Case…
15 Senior IRS Officers compulsorily retired by the Government in public interest with immediate effect. Order in each case issued…
CBDT eases approval process for paper refunds in exceptional situations where there is no alternative ITBA Assessment Instruction No. 9/2019…
Non raising of limitation issue and participation in assessment proceeding not precludes assessee to raise such issue at a later…
On statutory disallowances u/s 40(a)(ia) 40A(3) there cannot be any penalty u/s 271(1)(c) especially when assessee not claimed deduction of…