Keeping cash in bank not in hand not mandatory under any law. Cash deposited in bank from withdrawals made long…
Penalty us 271(1)(c) if assessee agreed disallowance to buy peace. Merely because assessee agreed addition, he can not be saddled…
Notional interest on loans-advances when no such agreement - It is not necessary to pay interest in the absence of such…
Service tax on short term hotel accommodation less than 3 months u/s 65 (105)(zzzzw) is unconstitutional - Delhi High Court…
Adverse view taken on evidence without opportunity to cross-examine It is settled proposition of law that whenever the AO intends to…
CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income…
Rent held Business Income not House Property income When the the assessee company had only one business and that is of…
Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on quantum addition making apparent that…
Penalty 271(1)(c) for claiming STCG as LTCG and deduction us 54F quashed by the ITAT holding that if the assessee had not concealed…
Penalty us 271FA for late filing AIR Return quashed by ITAT considering that the tax laws of the country are complex and…