Penalty 271A cannot be sustained when assessee was not covered under Rule 6F assessee furnished adequate information to enable AO…
Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate…
Amendment of Form No 10B of auditors report u/s 12A(b) for charitable institution CBDT issues draft notification proposing more comprehensive…
Transfer & Posting in the grade of Chief Commissioner of Income Tax CBDT has posted recently promoted 28 officers on…
Peak credit addition does not include income after peak balance date. ITAT directed addition of further 8% profit after the…
Entrance fee / onetime fee from new members is capital receipts. Similarly donation towards corpus fund were also eligible for…
Profit rate on bogus purchases reduced as assessee also paid VAT on purchases. ITAT directed AO to recompute income after…
Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…
Income offered and taxed in the proceedings before the Settlement Commission, cannot be taxed again in the proceedings u/s 143(3)…
Section 45(5A) is prospective in nature not retrospective. The section provides that the date of handover of the possession is…