Interest income on fixed deposits of the surplus funds put in FDRs cannot be treated as business income but income…
Income tax demand will be enforced qua the assets, if any, left behind by the deceased assessee - ITAT In…
Revision order u/s 263 upheld as substantial amount of cash was deposited in the bank accounts of all the investors…
To make additions u/s 68 for unexplained cash credits, all three limbs must be proved/established In a recent judgment, ITAT…
Kachha Arthia not entitled to credit for TDS wrongly deducted against his PAN In a recent judgment, ITAT has held…
High Court grants bail as order of arrest only stated assessee as master mind of the fake GST ITC racket…
Disallowance u/s 40A(3) for bearer cheque Payments. CBDT 1977 Circular relied upon by assessee does not exits with amendment to…
The ITAT remands the assessment order passed ex-parte as the assessee was illiterate housewife and widow and did what husband…
Section 132B of Income Tax Act 1961 does not stipulate that if no order is passed within 120 days, seized…
Men-rea on the part of the assessee is an essential pre-requisite condition for imposition of penalty under Section 54(1)(2) of…