Books non-rejection and making additions than estimating income wrong when there were defects in accounts produced and many accounts not…
Loss on furnishing guarantees for subsidiary company allowed as incurred by holding company in carrying on its own business a…
Keeping cash in bank not in hand not mandatory under any law. Cash deposited in bank from withdrawals made long…
Penalty us 271(1)(c) if assessee agreed disallowance to buy peace. Merely because assessee agreed addition, he can not be saddled…
Notional interest on loans-advances when no such agreement - It is not necessary to pay interest in the absence of such…
IDS Scheme 2016 Amendment in Form-2 Form-3 related to Acknowledgement and Payment Intimation MINISTRY OF FINANCE (Department of Revenue) (CENTRAL…
Adverse view taken on evidence without opportunity to cross-examine It is settled proposition of law that whenever the AO intends to…
CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income…
CBDT extends IDS Form-2 acknowledgment issuance time to 30 days from 15 days for declarations filed under IDS Scheme in…
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th August, 2016 (INCOME-TAX) S.O. 2680(E).—Whereas, a Protocol amending the…