Rigorous imprisonment awarded u/s 276B for delayed late deposit of TDS. Assessee had culpable mental state as he remained absent…
Addition u/s 40(a)(ia) in rectification proceedings u/s 154 upheld as question of second proviso being prospective was not debatable in…
Without rejecting books of account, it was not proper to make addition towards unexplained investment u/s 69 of the Act…
Purchasing many small properties itself not good enough reason to hold that it was a business transaction. The quantum or…
Sericulture income from sale of cocoons taxed @ 50% being not agricultural income following judgment of the Hon'ble Supreme Court…
Disallowance u/s 37(1) for pan masala seized deleted following SC decision that Explanation 1 apply to business expenses not to…
Addition for cash deposit deleted as cash withdrawals, redeposit took place during the year itself, there was no question of…
Notice u/s 143(2) issued by ITO of non jurisdictional ward and consequent assessment framed was invalid and hence both quashed…
Penalty u/s 271AAB-Cash advances recorded in diary held not undisclosed Income when assessee was not carrying on any business and…
Deduction u/s 80P(2) not allowed for unexplained income assessed u/s 68 of the Act. The addition u/s 68 did not…