Section 14A applies to dividend income u/s 115-O on which tax is paid by the dividend paying company-Supreme Court explains …
Surety need not be Govt servant, blood relative or local. No property/vehicle papers required. Beggar too qualified if has acceptable…
Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are…
Section 271J Penalty challenged in Madras High Court. The Court has accepted the writ petition and the matter is listed…
Penalty 271(1)(c) Merely if suppliers not traced at given address not indicative of concealment of income or furnishing of inaccurate…
No Penalty 271(1)(c) for disallowance 43B if quantum not disputed and following mercantile accounting it could be debited to Profit…
Penalty 271(1)(c) Non-deletion of few words not invalidated notice or caused any prejudice to the assessee when relevant clause was…
Bogus purchases-when sales not disputed entire addition not warranted. ITAT estimated addition @12.5% of alleged bogus purchases ABCAUS Case Law…
Disallowance us 40(a)(ia) applies to amounts paid also-Supreme Court. Allahabad HC judgment holding that it applies to amount payable at…
Revision us 263 set aside as CIT did not do homework. No record was called for examining the issue or…