Sale-purchase in only few share scrips not high volume. STCG was not business income as a person can act both…
No Concealment if return revised due to search of other person when assessee voluntarily filed revised ITR and no proceedings…
Depreciation and exemption both not allowable to charitable trust. Statutory provision u/s 32 to prevail over customary practice-commercial principle-ITAT The…
Satisfaction recording 153C-same AO for searched-other person. Even if AO is one then also satisfaction has to be recorded as…
No harassment by Income Tax for small cash deposits limited up to 2 lakhs by small businessmen, housewives, artisans, workers-Revenue…
Bank accounts with cash transactions income-tax e-filing website new feature to report-monitor the conversion of black money on bank note…
Old notes sales made after 08-11-2016 and deposited in bank later-Implications. Such sales may be rejected and added u/s section…
Suggestion on CASS parameters for ITRs received in FY 2016-17 Following the constitution of CASS Committee for FY 2016-17 to…
No disallowance us 40(a)(ia) as labour charges paid were salary when PF-ES deducted regularly. Salary us 17(1) includes wages and…
Periodic vigilance inspections of income tax officers worngdoings. CBDT Chairman messages on Vigilance Awareness Week from 31-10-2016 to 05-11-2016 D.O.…