Penalty u/s 271(1)(c) deleted as quantum addition was reduced significantly from 100% to 20% in respect of bogus purchases. In…
CIT assuming jurisdiction u/s 263 has no power to direct initiating penalty proceedings u/s 271(1)(c) CIT Revision u/s 263 for…
CIT Revision u/s 263 for failure of AO to convert limited scrutiny into complete scrutiny quashed as no credible material…
Retrospective amendment cannot change tax withholding liability with retrospective effect though it changes tax liability in respect of an income…
AO not allowed to make addition in the hands of the housewives for cash deposit in bank during demonetization if…
Rejection of approval u/s 12AA for non filing of return of income set aside. CIT(E) to find if objects of…
Delay in filing appeal condoned as rectification application u/s 154 was not decided and it constitute a sufficient and reasonable…
Disallowance on ad-hoc basis not justified without pointing out specific expenses being not incurred wholly and exclusively for business In…
Where ITR is processed u/s 143(1) AO can form reasons to believe that income has escaped assessment by examining the…
No addition can be made on issues for which case was not reopened. Reassessment quashed as addition made on issues…