Deduction 54B for agricultural land purchased prior to sale deed allowed. Date of actual transfer or even purchase of new…
Two penalty orders 271(1)(b) for the same default without issue of show cause. ITAT quashed penalty imposed before the issue…
Addition for no withdrawal for household expenses-Contention that husband met out all expenses did not justify nil withdrawal by assessee…
Employee working in Govt department for a long period of time, cannot be presumed to not having any cash in…
Rejection of books of account for non inclusion of freight and cartage in the value of the closing stock had…
Disallowance u/s 40A(3) for cash payments to wife for house purchase deleted by ITAT when plea of the assessee was…
Bank branch TDS deposit and return filed by zonal office. AO treated branch as assessee in default. ITAT remanded matter…
Section 80IA deduction for installation of traffic signal and pedestrian foot bridge allowed as infrastructure facility being integral part of…
High Court explains the law of taxation of agent / representative assessee u/s 163 who is liable to tax on…
Assured return received on flat booking from Builder was interest income not capital receipt or income from other sources ABCAUS…