Penalty u/s 271(1)(c) deleted as addition for bogus purchases was based on estimation and assesee’s conduct was not found contumacious…
Provision of section 68 applicable even if business not commenced but the sum is credited in the books of account…
Tenancy rights not intangible assets, no question of allowing depreciation on it - ITAT. These rights not covered as "any…
No addition warranted for bogus purchases where GP rate was better than the average GP rate declared by assessee for…
Construction of flats purchasing land amounts to civil construction and profit earned thereon, are eligible for taxation U/s 44AD of…
Disallowance for prior period expenses deleted by the ITAT as the tax rate was the same from one year to…
CA held guilty of misconduct being engaged in business as director. Difference between director simplicitor and director involved in business…
Arms Length Price of intra group management fee paid determined Nil by TPO upheld as there was no evidence on…
Penalty u/s 271D for taking cash loan from father and paternal aunt deleted following various decisions of High Courts and…
LTCG exemption denied for Penny stock set aside by ITAT as AO had placed reliance on documents not confronted to…