Fixed Deposit interest income during pre-operative period taxable as income from other sources and can not be set off against…
Voluntarily charity not business expenditure u/s 37(1). Mere assertion that it was incurred for business cannot be accepted without establishing…
Permission for non-agricultural use not make land non-agricultural liable to capital gain tax when it was proved beyond doubt that…
Distinction between statements us 132(4) and 133A explained by Delhi High Court. Quashing of reopening of concluded assessments of earlier…
Revision order us 263 on conducting additional enquiry on different pattern when AO conducted adequate enquiry and took view permissible…
Revenue cannot judge fee paid for business development services with respect to the benefit derived by the assessee in terms…
Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits as the assessee reasonably proved that he was…
Revision us 263-Student Development-Capitation Fees not reflected in Income Expenditure Account shown directly in the Balance Sheet held as erroneous…
Bogus Purchases-AO cannot sit back and make addition without enquiry simply relying on information from Sales Tax Deptt. and issuing…
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no…