Cash transactions between husband-wife do not attract section 269SS if transactions are not for commercial use. Tribunal deleted penalty under…
ITAT comment against CA Profession was out of sheer desperation & frustration. Bombay High Court strongly criticises ITAT for its…
Assessee liable to penalty u/s 221(1) for non payment of self assessment tax under section 140A, where return is revised…
Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation…
Chartered Accountant though not public servant can be prosecuted under Prevention of Corruption Act as it covers persons other than…
When assessee filed all details rejectig registration u/s 12AA by the CIT (Exemptions) on the ground that assessee was not…
No disallowance for overpricing if party assessed at maximum marginal rate and there is no loss of Revenue. ABCAUS…
Only earnest money can be forfeited not the advance given especially when no loss is suffered on account of non…
Proceeding u/s 7A of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 are deemed judicial proceeding within the meaning…
Additions u/s 68 and 69 for transfer entries in capital account on account of rectification can not be sustained treating…