Reopening for not replying enquiry letter issued on AIR basis to verify source of investment in the property held invalid…
Mere non-payment of service tax was not suppression of material facts for invoking extended period of limitation under proviso to…
Non speculative business loss can be set off against profits of any business including speculative business carried on by assessee…
Affidavit of assessee not accepted as it was signed by some one else on behalf of the assessee and not…
ICAI Council had no record of oral discussions in forming prima facie opinion of misconduct against CA. However, Petition of…
Supreme Court explains the concept of income tax on Joint development agreement and applicability u/s 2(47) and section 45 and…
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…