Conversion of shares as stock-in-trade into investment-no prohibition in law. Res-judicata no bar in like questions in subsequent years-Kolkata High…
Revisionary order quashed as wrong allowance caused no prejudice to the interest of the Revenue and the twin conditions u/s…
Appeal delay condonation-oversight due to election duty. CIT(A) did not find facts false, appellant did not stand to gain by…
BCI can not remand disciplinary proceedings transferred to it u/s 36B(1) of the Advocates Act, 1961 from the State Bar…
No capital gain tax on flat transferred as nominee. The assessee did not inherit the property as owner but as…
Claim supported by affidavit cannot be rejected without any enquiry or material brought on record to disprove the claim of…
Applicability of Presumptive Tax if actual profit is more than presumptive income. Shifting from salary to professional receipts to take…
TDS return filing not require directors personal time-Penalty for Late filing confirmed. Timely filing could have been done by hiring…
Carry forward of loss for belated return with positive income not allowed. Section 80 not use word 'return of loss',…
Fair rental value estimated by Income Tax Inspector disapproved by ITAT. FMRV ordered to be ascertained u/s 23(4) by applying…