Rejection of account books for not producing vouchers quashed. The High Court held that mere absence thereof did not give rise…
Deemed dividend provisions not attracted in absence of actual payment. Payment u/s 2(22)(e) has to be physical-actual and not mere…
Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year even if in initial year…
Mere not recording of transactions not make them undisclosed if entries are otherwise verifiable from other primary books. High Court…
Jewellery held belonging to 3 wives though purchase bills found in search were in assessee's name. HC uphelds deletion of…
Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court…
Reopening materials include subsequent years assessments scrutiny during the course of whose proceedings AO has occasion to see if the…
Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in…
Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961…
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court …