Rejected goods cannot be considered for valuation of closing stock. Therefore there was concealment of income or furnishing of inaccurate…
Concealment penalty upheld on profit estimated on suppressed turnover conceded by assessee and quantified on the basis of Form 26AS…
Addition made for cash deposits in undisclosed bank account do not hold any force as withdrawals and deposits do not…
Mere payment of remuneration to trustees not attract section 13(1)(d) of Income Tax Act unless it is excessive or unreasonable…
Exclusion inclusion of comparables to determine Arm's Length Price (ALP) not necessarily give rise to purely legal or substantial questions…
If asset side of balance sheet is reduced by provision made, it amounts to writing of the debts in accordance…
Extension of Tax audit/ITR due date- FTAP withdraws the Petition in Delhi High Court in view of the CBDT Order…
Jurisdiction of CIT Appeals under the Black Money Act 2015. Region wise list including additional powers for cases of International…
High Court revives prosecution for not filing return. An indefinite period for compliance can never be the intention of the…
CIT(A) erred by not admitting additional evidences in case restored by Tribunal. Once the matter has been considered by the…