Interest on personal loan taken for business purpose allowed as business expenditure. The assessee could very well attribute the interest…
Secretive commission payment not allowable us 37(1). It was in the nature of bribe to procure business which is prohibited…
Filing false complaints against husband amounts to cruelty. Such Acts of Wife have effect of lowering his reputation in the…
Lack of enquiry or inadequate enquiry. Revision u/s 263 quashed by ITAT applying the large number of judgments of High…
Salary recovered for notice period not taxable salary us 16 as per agreement with the employers when actually assessee had…
Disallowance of interest for drawings out of cash credit account deleted as despite drawings closing balance of capital was more…
Let justice be done though the heavens fall-Supreme Court explains the ambit of Article 142 of the Constitution viz-a-viz powers…
Slump Sale of entire running business was LTCG us 48(2). Sale in one go with assets and liabilities cannot be…
Supreme Court order for Sahara Aamby Valley auction. Subrata Roy warned to be present not to play truancy and honour…
No concealment penalty on return revision made before issue of notice u/s 148 though after initiation of investigation in tax…