It is for assessee to decide how to utilize loan in business, Court not to substitute its opinion over his…
No addition for inflated statement of stock submitted to banker when no discrepancy was found in physical verification and books…
Statements made by stranger-third party in search case unless connected or corroborated could not be attributed to or lead to…
CBDT Instruction of tax effect applies to pending appeals also subject to the two caveats provided in Surya Herbal Ltd.…
Section 80-IC deduction unavailable on fixed deposit interest–High Court. The benefit is available only for carrying on business mentioned in…
Reopening for overlooking transactions with associated enterprises and not referring them to TPO for computation of at arms’ length income…
High Court bans CA for one year for connivance in anti-dated stock invests issued by Bank and irregular share allotment on…
Change in closing stock to include VAT-Excise us 145A required corresponding adjustments for opening stock, Payment of Excise and VAT…
Very short period of appearance given to assessee violated principles of natural justice. ITAT set aside order passed by CIT…
Conditions u/s 80IA are disjoint not cumulative. Conditions stipulated under section 80IA(4)(i) and 80IA(4)(iv) are held as disjointed by the…