Acceptance of loans by passing journal entries in books of accounts not in violation of section 269SS hence no penalty u/s 271D imposable – SC dismisses…
News of en masse prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies-…
No Penalty u/s 271(1)(c) can be imposed by CIT without recording satisfaction in revision order 263. Provision of Section 271(1B)…
Validity of Penalty notice non striking off relevant limb u/s 271(1)(c) upheld when subsequent opportunity notices sent by AO were…
When ITAT inspected documents furnished in response to show-cause notice u/s 263 and found transactions not bogus, no interference was…
Malba charges was rejected as cost of investment for claiming deduction u/s 54F as there was no occasion for purchasing…
No penalty u/s 271D for cash loans taken to meet financial liabilities of a closed business as it constituted a…
Statutory liability accrues on issuance of demand notice-ITAT deleted disallowance u/s 43B and allowed payment of Local Body Tax in…
Addition u/s 69C for unexplained expenses on foreign tour along with spouse deleted by Tribunal as it was part of…
Cash found during search belonging to parents- ITAT deleted the addition on account of cash belonging to the parents of…