Penalty 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal when assessee could not explain source…
Disallowance 40(A)(3) for cash payment deleted when payee was new. When genuiness of payment not doubted there was every possibility…
Partners Salary and interest not disallowable when assessment u/s 143 is made in the manner laid down u/s 144 by…
Service of Income Tax notice to assessee in jail should be through Superintendent of the jail. High Court quashed order…
Assessment done by CIT-OSD promoted on situ basis upheld. Contention was that CIT could not be Assessing Officer u/s 2(7A)…
Return filed with wrong jurisdiction cannot be considered for deciding the validity of reopening u/s 148 as AO’s belief is…
Depreciation allowed when asset was not used for a single day during the year due to seizure by bank for loan…
DVO valuation of property occupied by tenants with court cases going under Rent Control Act set aside by the ITAT…
Mentioning PAN in place of TAN in TDS challan-Assessee should not be penalized or punished for technical mistakes when there…
RBI penalty for clerical mistakes not disallowable u/s 37. The genuine clerical mistake cannot be treated as an offense under…