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…
Reopening for overlooking transactions with associated enterprises and not referring them to TPO for computation of at arms’ length income…
Scrutiny of revised-belated returns post-demonetisation-important issues. CBDT list instances indicating abuse of Income Tax provisions CBDT in its latest instruction…
Change in closing stock to include VAT-Excise us 145A required corresponding adjustments for opening stock, Payment of Excise and VAT…
Very short period of appearance given to assessee violated principles of natural justice. ITAT set aside order passed by CIT…
Conditions u/s 80IA are disjoint not cumulative. Conditions stipulated under section 80IA(4)(i) and 80IA(4)(iv) are held as disjointed by the…
Task Force constituted for drafting New Direct Tax Legislation as PM observed that the Income-tax Act 1961 was drafted 50…
Commissioner can not dismiss revision petition/s 264 on the ground that in assessee’s case similar issue was subject matter of…