CBDT sets up Committee for review & updation of Search and Seizure Manual published in 2007. Committee to submit revised…
Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961…
CBDT signs first ever two Indian APAs with Netherlands in Nov-2017. The total number of APAs entered into by the…
Unauthorized expansion of the scope of limited scrutiny-CBDT puts AOs violating its instructions under suspension and advises all to comply…
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court …
It is for assessee to decide how to utilize loan in business, Court not to substitute its opinion over his…
No addition for inflated statement of stock submitted to banker when no discrepancy was found in physical verification and books…
Statements made by stranger-third party in search case unless connected or corroborated could not be attributed to or lead to…
CBDT Instruction of tax effect applies to pending appeals also subject to the two caveats provided in Surya Herbal Ltd.…
Section 80-IC deduction unavailable on fixed deposit interest–High Court. The benefit is available only for carrying on business mentioned in…