Penalty u/s 271E for repayment of loan in cash was deleted as the NBFC had insisted on cash payment due…
Cash deposits in bank can be explained as out of gross receipts u/s 44AD from contract business. ITAT deleted addition…
Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment as members of…
Addition for inadequate drawings deleted as the assessee was vegetarians and non alcohol, residing at small town with no luxurious…
It is not uncommon for a lady who is on her own to have cash for emergencies. ITAT upholds the…
CBDT Withdraws approval u/s 35(1)(ii) of M/s Bioved Research Society, Allahabad for giving bogus entries to donors F. No. 203/31/2018-ITA…
CBDT grants Retrospective exemption to startup companies from angel tax w.e.f. 19.02.2019 - Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD…
Substantial cash deposits during demonetisation, AO to complete best judgment assessment by 30th June 2019 where notices u/s 142(1) not…
High Court erred in relying upon previously set aside order of Settlement Commission and making it a part of their…
Assessee legally obliged to prove receipt of share capital/premium to the satisfaction of AO, failure of which justify addition –…