Reopening us 147 based on merely tax evasion petition itself bad in law as the AO had not satisfied himself before…
Penalty 2711c Immunity Explanation5A for Belated Return u/s 139(4). Immunity available to assessee who has filed belated return of income…
Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to…
CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court It further directed that the said instruction shall not be…
PE under Indo-US DTAA-Adobe India not PE of Adobe Systems USA as agent must have authority to conclude contracts on…
Income Tax Website Legal Corner. Questions of Law admitted or dismissed. by Bombay High Court to be displayed sectionwise. Case…
FMV-No approach road and weaker sections society in colony. DVO directed to give 30% adjustments in calculating fair market value…
Deemed consideration us 50C eligible for 54F exemption for capital gain purpose. Net consideration include Fair market value under deeming…
DVO Reference us 50C2 must when assessee requested. It was wrong to say that since stamp value was not challenged…
Bedridden person can have agriculture income, advance loan. Summarily Rejecting creditworthiness despite pattadar passbook without verification wrong-ITAT. This was held…