Loan pre-payment premium/charges paid for reducing interest liability not result in acquisition of any asset and not a capital but…
Front end fees paid to bank for obtaining new loan is revenue expenditure by nature and the assessee is entitled…
Custom valuation rules for imported goods operate sequentially-Supreme Court. Once statutory Rules exist and provide for sequential implementation, the assessing…
In the absence of finding as to the year of purchase, jewellery found in locker would not represent the undisclosed…
Rectification order u/s 154 quashed due to doctrine of merger. Questions expressly decided by appellate/revisional authority cannot be reagitated u/s…
Prosecution u/s 276C- Signing, verification of ITR by director is prima-facie evidence. Charge to be framed even on the basis…
Difference in Tribunal and non jurisdictional High Court amounts to two opposite views despite that decision of High Court rendered…
Addition made by AO in limited scrutiny by extending scope deleted as AO did not take due permission to convert…
Income Tax Act does not invite any pre-deposit for stay of demand. 20 per cent amount prescribed by CBDT Instruction…
Revisional order u/s 263 quashed following rule of consistency, Revenue argued that the principle of res judicata has no application…