Advances converted into reserves not cessation of liability u/s 41(1). Pre-conditions / Tests to be applied for applicability of the…
Tax Appeal to High Court-what constitutes Substantial Question of Law ? The First Appellate Authority under the Income Tax…
Number of Taxpayers added after Demonetization-clarification on media reports on different figures given at PM Speech, FM Statement, Rajya Sabha…
Non-renewal of THC cannot deprive supporting manufacturer of deduction u/s 80HHC(1A). Lgislative intent is to extend benefit either to exporter…
Promotion and posting in the grade of Principal CIT-CBDT Order. List of 68 officers promoted , 60 new postings and…
Penalty us 271(1)(b) for failure to file return u/s 153C. Provisions of section 271(1)(b) does not empower AO to impose…
Income contained in unverified transaction can only be taxed and not the amount of entire transaction. ITAT upheld tax on…
20 years aged person capable enough to give tips for purchasing shares. ITAT deletes penalty u/s 271(1)(c) for subjective disallowance…
Reopening us 147 based on material found in search not permissible. In such cases section 153C applies for framing assessment…
AO can not extrapolate numbers on seized dumb document into lakhs. Addition made by deciphering erased figures by forensic report…