The High Court explains the law on levy of interest u/s 234B(3) when reassessment is done determing escaped income after…
Exempted income can not be taxed even if no revised return filed. AO in proceedings u/s 143 can not refuse…
Business expediency not a question of law, much less a substantial question of law-High Court. If expected fruits are not…
Standard Procedure for applying provisions of unexplained cash credits u/s 68 of Income tax Act,1961 Central Board of Direct Taxes…
While considering the question of perversity of a finding of fact, the test applicable are strict-High Court ABCAUS Case Law…
Addition on account of milling gain on adhoc basis without conducting any enquiry, without any cogent and specific reason or…
At the stage of admission, Settlement Commission not expected or be compelled to utilizing the machinery available to call records…
CBDT Compounding of offences Guidelines not illegal or arbitrary. Principle of proportionality also not apply as fee is paid to…
Additions made due to typing error in Form 3CD is not legally permissible where auditor of the assessee inadvertent committed…
The Income Tax Department has issued an advisory/warning for cash transactions in excess of prescribed limits. DO NOT ACCEPT cash…