No Violation us 269SS-loan accepted passing journal entries. When the loan is accepted by acknowledgement of debt by passing journal…
Penalty 271(1)(c) quashed for non-malafide conduct to evade tax payment in the case of 68 years aged retired scientist not very much conversant with the…
Addition made as stop gap arrangement till TDS return revised to ascertain the true nature of the transactions set aside by ITAT…
Payments to foreign professional firms by Indian CA firm for audit, taxation, VAT services not fee for technical services for…
DVO Reference u/s 55A condition u/s 50C applies only when stamp duty value is higher than the sales consideration as per agreement. This…
Assessee entitled to option u/s 112(1)(a) for indexation/ non-indexation and pay tax on capital gains @20% or 10%. Benefit cannot be denied merely for…
Penalty u/s 271(1)(c) not imposable merely because quantum was decided against assessee by ITAT. The assessment proceedings and penalty proceedings are independent…
Debenture restructuring charge paid to debenture holders for re-negotiated terms and conditions to extend the redemption date was held to be…
Temporary business closure, lull and disallowance of expenses Expenses of rent staff and various other business expenses establish that those…
CIT Appeals must pass speaking order even in ex-parte cases. ITAT Delhi, in a recent case remanded back the appeal of…