Mere transporting goods to customers not enough to claim higher depreciation unless assessee is in business of transportation or running…
Disallowance u/s 37 for penalty/demurrage for late delivery of goods not for any offence prohibited by law but merely normal…
Non furnishing reasons recorded-High court quashed reassessment order admitting writ as an exceptional case for invoking power under Article 226…
Reassessment order passed without disposing objections bad in law. Dismissal of SLP by Supreme Court without assigning reasons not a…
Capital Gain tax on distribution of assets on dissolution/reconstitution of partnership firm – ITAT explains the law on all possible…
No concealment Penalty if assessee’s explanation not found false, but not accepted on account of substantiation with solid evidences ABCAUS…
Dismissal of appeal in limine by CIT(A) for delay-ITAT followed as no ground was raised by assessee with regard to…
There is no deeming fiction u/s 28(va) to tax amount on receipt basis where sum accrued earlier following mercantile system…
Payment of house rent to wife residing with assessee in the same house is a colourable devise to avoid legitimate…
Reopneing-AO had to act on the basis of reasons to believe and not on reasons to suspect. ITAT quashed the…