An invalid or illegal assessment order cannot be revised under the provision of section 263 In a recent judgment, Hon'ble…
CIT can not assume revisionary powers u/s 263 for issues not forming part of limited scrutiny assessment. In a recent…
Show cause not giving minimum seven days to respond to proposed variation – Assessment order set aside In a recent…
ITD Chandigarh invites empanelment of Cost Accountants u/s 142(2A) for FY 2024-2026. Last date to apply is 30/04/2024 The Income…
Even a single instance of loan given can be considered as money lending business for bad debts allowance - ITAT…
Voluntary ex-gratia compensation not taxable u/s 17(3)(i). Department has to confine to the grounds taken in appeal - ITAT Voluntary…
When purchases & sales found genuine deposit out of cash sales can be treated as non-genuine - ITAT In a…
Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date -…
The debit entry cannot be added under Section 68 as it speaks about “Cash Credit” and not for debits entries…
Conversion of unsecured loan of wife against allotment of share in joint names in closely held company upheld The ITAT…