Compensation made to the flat allottees for surrendering rights allowed as business expenditure of the assessee in view of Completed…
Lack of full declaration in Form 10 of accumulation u/s 11(2) by itself would not be fatal to the claim.…
Issue of notice u/s 143(2) on the same day return was filed made the entire assessment illegal for being non…
Mere agreeing to increased net profit rate, by itself was no ground to levy penalty u/s 271(1)(c) when it was…
Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become an Insolvency Professional.…
Transporters/Trucks owners can be proceeded against under UPGST Act despite not doing business in respect of sale/ purchase of goods…
Section 50C can be applied after claiming exemption u/s 54EC of the Income Tax Act. Any other interpretation would render the provisions redundant…
No deemed dividend u/s 2(22)(e) when assessee not the beneficial owner of shares. Issue pending before larger bench of Supreme…
Seat of ITAT not AO decides jurisdiction of High Court to which appeal would lie. High Court explains the law…
Amount forfeited on default of installment for purchase of property was capital in nature as the amount was fixed irrespective…