Land within municipal limits can not be treated agricultural based on revenue record. Revision u/s 263 upheld for assessment based…
Revision us 263 on reasons unconnected with grounds of reopening which was for specific purpose. Calcutta High Court upholds revision…
Cash book not found at search produced later was eye wash. Allahabad High Court rejects contention that it was with…
Scholarship payment is charitable expenditure when candidate was selected by a process selecting most deserving one which was not related…
Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse…
Reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation allowable under Income tax…
Share premium not part of capital employed in the business of the company for claim of deduction u/s 35D as…
Reopening us 147 after four years with Addl CIT approval bad. Notice u/s 148 was illegal as approval/satisfaction of CCIT/CIT…
Unexplained income-cash deposited in bank after 2-3 months gap held not probable as withdrawals made in small amounts mostly by…
Interest free loan to subsidiary-disallowance for commercial expediency not relevant if advances given out of interest free funds - Punjab…