Penalty u/s 272A(1)(d) deleted as notices gave assessee only two hours time to comply and that too on a public…
Digital Evidence Investigation Manual of CBDT is mandatory to be followed by ITD while conducting search and seizure and it…
Income earned from property if business income or income from house property primarily depends upon the objects / main business…
Retracting from income offered during survey and challenging non opportunity of cross examination at assessment stage - upheld In a…
Valuation of closing stock is revenue neutral - ITAT deleted addition on account of valuation of stock In a recent…
Disallowance towards land filling expenses was right as except contractor bills no other evidence was produced - ITAT In a…
Assessee was liable to pay penalty u/s 272A(1)(d) on the first default as thereafter, the AO could have proceeded to…
Income tax prosecution u/s 276CC where assessee filed belated return under section 139(4) – Allahabad High Court admits application In…
Assessment order has to be read as it is and there is no scope for drawing any inference or reading…
Belief of the Assessing Officer regarding escapement of income should be based on some tangible information In a recent judgment,…