Section 68 additions not applicable to deposits in bank. The bank Pass Book or bank statement are not books of…
System error showing agricultural income in return to AO. Addition made deleted by the ITAT as in the ITR downloaded…
Gross Profit rate can not be same each year. AO could not step into the shoes of businessman to determine…
Non-furnishing reopening reasons despite request vitiates the reopening of assessment. Order passed u/s 148 quashed and declared illegal by ITAT…
Assessment in individual status bad when notice issued to HUF Assessment set aside when notice u/s 148 was issued in…
Disallowance us 40A(3) when income-profits are estimated. ITAT following Allahabad High Court judgment deletes additions for cash payments u/s 40A(3)…
Section 43B applicable to both employee and employer contributions. No disallowance can be made u/s 36(1)(va) if paid before ITR…
Commercial expediency-Disallowance for loan-advance u/s 40A(2).Once commercial expediency established beyond doubt no further test to be applied -Allahabad High Court…
Income declared us 132(4) is voluntary offer, the statement cannot be considered as detection by the Revenue. Penalty u/s 271(1)(c)…
Surplus arising from educational activities after meeting the expenses incurred do not disentitle the trust from exemption u/s 10(23C)(iiiad) of…