Rule 8D can not be applied without giving reasons. Unless AO rejects explanation of the assessee with some reasoning, mere…
Merely giving financial assistance by father to sons to purchase properties it could not be said to benami transaction -…
Retraction from the surrender without having evidence or proof not permissible in the eyes of law. Supreme Court quashed SLP…
Order holding CS guilty of misconduct set aside as no opportunity was provided on the question of quantum of punishment…
Dharmada collected as optional payment by buyer not part of transaction value for the sale of goods –Supreme Court quashes…
Validity of notice u/s 148 where assessment was made u/s 143(1)- Supreme Court quashed High Court order that no substantial question of law…
Sale of client relationship and goodwill by CA firm was of capital asset u/s 2(14) chargeable to tax under the…
Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…
DVO reference u/s 55A invalid where value was more than FMV as on April 1, 1981 as per approved valuer's…
No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment…