Relief under the 89 of the Act is available qua a perquisite. Rule 21A and Form 10E do relate to…
TDS 194C not applicable on payment by contractee to contractor of license fee. Supreme Court dismisses SLP of the Income…
Exemption notification should be interpreted strictly. Burden of proving applicability is on assessee who can not claim benefit of ambiguity-Supreme…
Penalty 271(1)(c) deleted on debatable issue of revenue or capital receipt of the freight subsidy not accounted for on mercantile…
The right to appeal has been provided in statute u/s 249 which can only be taken away by legislative amendment…
Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the…
Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying…
Interest on loan against FDR security not deductible u/s 57 against interest income earned on FDR on the ground of…
Disallowance u/s 40(a)(ia) not affected even if payee considers the receipt as income and pays tax thereon – ITAT follows…
Merely by admission of appeal against ITAT order, Revenue can not get over it. Supreme Court upholds High Court’s order and dismisses…