Expenditure on advertisement and brand promotion allowed in the year in which incurred wholly and exclusively for the purposes of…
Dismissing appeal ex-parte by CIT(A) on very first date of hearing without giving proper opportunity to the assessee to prepare…
Media report of reduction in numbers of e-filed ITR during FY 2018-19 incorrect says Finance Ministry. e-filing of Income Tax…
What is principal business of assessee is very tricky question-High Court remands case to ITAT to examine applicability of exception…
When bank interest was declared in ITR, it cannot be said that bank account was not disclosed to the Revenue…
Section 41(1) addition can not be invoked without any material evidence. High Court upheld quashing of addition made on account…
Limited scrutiny order passed by AO was not erroneous or prejudicial to the interest of Revenue as enquiries were focused…
Expenditure incurred on discontinued business unless shown to be incurred for reviving it not allowable under section 37(1) - ITAT…
Facility service charges apart from house rent taxable as business income. Amount received was for specific services like housekeeping, security,…
Cancellation of flat booking held Long Term Capital Gain and deduction u/s 54 allowed. ‘Property', is a term of widest…