Water logged land comprised within backwaters held agricultural land. The land was a kayal land and sold along with adjacent…
Applicability of Benami Property Act to Cash seized-High Court declines to interfere with show cause notice as source and nature were…
High Court refuses to quash prosecution u/s 276CC for not filing return of income. Whether the failure was wilful or…
ITAT’s jurisdiction is not to rewrite the AO’s order and improve upon it. High Court uphelds Revision order passed u/s…
Section 50C not applicable to sale of property through Power of Attorney. Provisions at best could be invoked only in…
Denial of Section 54F exemption for quoting wrong section without examining merits of deduction claimed-ITAT remands the case to Assessing…
Non-mentioning the precise section for making addition for bogus purchase made the impugned addition bad in law – ITAT deletes…
12 Mistakes/Practices that would invite TDS/TCS Survey by Income Tax Department. Follow best practices to ensure proper compliance of TDS…
CBDT issues Income Tax Central Action Plan 2018-19. 1250000 new return filers to be added The CBDT has issued the…
Revision u/s 263 upheld as AO had not formed any opinion but erroneously allowed the capital expenses as revenue causing…