Delay in submission of form 15G 15H not make bank assessee in default for non deduction of tax at source.…
Exemption us 10(23)(C)(vi)- By not applying provisions of the Right of Education Act, it cannot be said that the assessee…
Revision u/s 263 Limitation where assessment completed u/s 143(1) was reopened u/s 147. Jurisdiction u/s 263 could not be exercised…
Exemption u/s 54B-Use of land for agricultural purposes for full two years not necessary. Even if only Kharif crop was…
Carried forward depreciation set off with short term capital gain u/s 50 is allowed in view of the amended provisions…
Advances converted into reserves not cessation of liability u/s 41(1). Pre-conditions / Tests to be applied for applicability of the…
Non-renewal of THC cannot deprive supporting manufacturer of deduction u/s 80HHC(1A). Lgislative intent is to extend benefit either to exporter…
Penalty us 271(1)(b) for failure to file return u/s 153C. Provisions of section 271(1)(b) does not empower AO to impose…
Income contained in unverified transaction can only be taxed and not the amount of entire transaction. ITAT upheld tax on…
20 years aged person capable enough to give tips for purchasing shares. ITAT deletes penalty u/s 271(1)(c) for subjective disallowance…