Unless and until the order of ITAT is reversed by High Court, the same has to be given due effect…
Addition for unexplained agricultural expenditure u/s 69C deleted. Agricultural expenses depend on so many factors which were ignored by Assessing…
AO to determine annual letting value based on material evidences, if not satisfied with workings or municipal value - ITAT…
NFAC order should be a speaking one, with adjudication on assessee’s submissions and applicability of laws therein - ITAT In…
Director’s remuneration allocation in ratio of turnover upheld for deduction u/s 80IA as director’s involvement was minimal In a recent…
AMC charges not fee for technical services - No ITAT deletes disallowance u/s 40(a)(ia) In a recent judgment, ITAT has…
Mere higher cash deposits during demonization period does not make explanation of cash sales as bogus and unsustainable - ITAT…
Additions based on statement recorded u/s 132(4) without considering Retraction Affidavit with evidences deleted In a recent judgment, ITAT has…
Interest income on fixed deposits of the surplus funds put in FDRs cannot be treated as business income but income…
Income tax demand will be enforced qua the assets, if any, left behind by the deceased assessee - ITAT In…