Carry forward of unabsorbed depreciation beyond 8 years for periods prior to amendment to section 32(2)- SC dismisses SLP of…
Reopening for verification of purchases from hawala dealer-Supreme Court dismisses SLP of the Department challenging dismissal of appeal by High…
No penalty u/s 271D can be levied when cash loans were treated as undisclosed income of the assessee u/s 68…
Reopening of assessment for past years on account of the cancellation of Registration u/s 12AA is not permissible unless registration…
Have you done High Value Transactions in F Y 2017-18 but haven't filed ITR Yet? CBDT Advisory Income Tax Department…
Prosecution u/s 278B without proof of service of notice u/s 2(35) expressing intention treating a person as Principal Officer of the Company quashed…
ITAT analyses validity of notice u/s 143(2) by non jurisdictional AO. On objection, AO obligated to refer matter for determination…
When assessee during assessment proceedings voluntarily admitted mistake then mere absence of revised return would not justify penalty u/s 271(1)(c)…
Non application of section 56(2)(viia) to fresh issue of shares contrary to express provisions and legislative intent - CBDT clarifies…
For discrepancy in salary figure between Form No. 16 and 26AS it cannot be said that the assessee has concealed…