Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund…
Deduction us 54-Old fund used for construction of new house. It is not mandatory that only the sale consideration of house…
Showing trade discounts in tax Invoice not compulsory. Credit notes eligible under Rule 3(2)(c) of the Karnataka Value Added Tax…
TDS not applicable on provisions if payee not identifiable to whose account the credit for such TDS is to be…
Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application…
Assessment finality on search date reached if time for issuing notice us 143(2) had expired. In such cases additions can…
Understated sales rates-AO must bring evidence on record. Assessing Officer should make inquiry from parties to whom sales made to…
No Penalty us 271(1)(c) for claiming excess depreciation in regular course with firm belief that it is legally allowable and…
Fact finding committee report under RTI Act can not be denied if report was submitted and action was taken. Section…
PIL not maintainable in service matters in view of several Supreme Court Judgments. Service matters a writ petition cannot be…