More than 400 benami transactions identified including bank deposits, plots of land, flat and jewellery. 24 dedicated Benami Prohibition Units…
Revision order us 263 on conducting additional enquiry on different pattern when AO conducted adequate enquiry and took view permissible…
Revenue cannot judge fee paid for business development services with respect to the benefit derived by the assessee in terms…
Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits as the assessee reasonably proved that he was…
Revision us 263-Student Development-Capitation Fees not reflected in Income Expenditure Account shown directly in the Balance Sheet held as erroneous…
Bogus Purchases-AO cannot sit back and make addition without enquiry simply relying on information from Sales Tax Deptt. and issuing…
CBDT signed two Unilateral APA with Indian taxpayers related to chip design/development of embedded software and IT software development sectors …
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no…
Handling-distribution loss in dealing wholesale poly pack milk allowed. The nature of business demanded such losses and the percentage incurred…
Reopening us 147 on the basis of photocopy document bad as it has been judicially held that photo copies have…