Penalty u/s 271(1)(b) can not be imposed when assessment order passed u/s 143(3) not best judgment assessment u/s 144 ABCAUS…
Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced the records ABCAUS Case Law CitationABCAUS…
Assessee can not be taxed for jewellery belonging to family members erroneously or under compulsion offered to tax during search…
For computing allowable partners remuneration u/s 40(b) AO can not allocate net profit into different heads to exclude interest income …
TDS non deduction by bank where income in Form 15G/15H exceeded threshold limit of basic exemption. ITAT remands case for…
Addition for alleged cash payment based on file/data retrieved from hard disk found during search of third party quashed in…
Period of limitation against rectification order can not be counted from the date of assessment order ABCAUS Case Law CitationABCAUS…
Tax liability of long-term capital gain is not on the power-of-attorney order but on registered owner of the property ABCAUS…
Addition made on the basis of cancelled money receipt found during search quashed as its contents was not confronted with…
Training Expenses on company executive revenue in nature not capital as the workforce can move out any time-ITAT ABCAUS Case…