Reopening us 147 based on material found in search not permissible. In such cases section 153C applies for framing assessment…
AO can not extrapolate numbers on seized dumb document into lakhs. Addition made by deciphering erased figures by forensic report…
Important judgment on EPS payment by exempted establishment under Section 17(1)(C) by Kerala High Court in the case of cooperative…
Peak credit theory not applicable if deposits are unexplained u/s 68. High Court overruled ITAT decision where CA was providing…
Expression ‘’derived’’ is narrower then ‘’attributable to’’ in section 80IA or like sections. Income derived from secondary source not the…
Loss on sale of foreign cars held as business loss not capital loss u/s 50 as the imported cars did…
Supplying back ground sound audio to film is manufacture u/s 80-IB of the Income Tax Act. Providing audio Software to…
Tax Recovery Officer has no power to declare alienation of property as null and void when sale is made under…
If assessee liable to pay service tax refund limitation period applies to refund application as stipulated u/s 11B of Central…
Legal expenses to defend writ filed to quash mining lease of the company are revenue expenditure not capital expenditure and…