CIT cannot direct AO u/s 263 to decide whether the findings recorded are erroneous without his own clear finding that…
Deemed dividend u/s 2(22)(e) applies only to net debit balance of advances in all accounts where assessee is maintaining multiple…
Section 54F exemption not require that land on which construction of property is made must be owned by the assessee.…
Arm’s length rate of interest is the rate prevalent in country of AEs where loan is received/consumed and not the…
Capacity Utilization Adjustment in transfer pricing allowed for early years of operation where comparables had on average higher utilization ABCAUS…
Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period…
Cash deposited in bank from amount given by husband for household expenses. ITAT accepted the explanation and deleted addition made…
Income of non resident shipping company u/s 172-Assessee asked to furnish proof that income tax return filed in foreign country…
Requirement u/s 143(2) is of service of notice and not issue of notice. ITAT explains the law on service of…
Penalty u/s 272A(2)(k) for delay in filing TDS returns deleted as TDS was deposited within due time to the credit…