Re-assessment order passed in violation of guidelines laid down by the Supreme court in the case of GKN Driveshaft Ltd.…
DVO Report based on mere estimate not sufficient information for the purpose of reopening assessment u/s 147. ITAT deleted addition…
Motor car purchased by cash gift from wife and mother-ITAT upheld addition for unexplained cash as mere filing confirmations not…
Interest on FDRs-deduction of Interest paid on unsecured loans taken to make investment in bank FDRs allowed u/s 57(iii) in…
No entity could earn gross receipts, only profit embedded to be treated as income. ITAT upholds the order of CIT(A)…
Ad-hoc disallowance not within permissible arena of taxing statute which is essentially welfare in nature – ITAT ABCAUS Case Law…
Transfer of vehicle registration not necessary for claiming depreciation. Transfer of ownership of vehicles is governed by the Sale of…
Seizure of goods under UPGST-Limitation period for appeal starts not from the date of service of order on truck driver…
No deemed rental house property income can be computed when flats are held as stock in trade - ITAT deletes…
Assessee entitled to full ITC forVAT paid at higher rate if the liability had been borne by the assessee and…