In a recent judgment, ITAT held that the word ‘erroneous’ in section 263 includes the failure to make an inquiry when…
In a recent judgment, ITAT Chennai has upheld that Addition u/s 69 for discrepancies in stocks was business income and has…
In a recent judgment, Ahmedabad ITAT quashed disallowance for excessive directors remuneration stating that section 40A(2)(b) disallowance is not to be invoked when…
The Supreme Court recalls its judgment delivered on 28-07-2013 delivered by a three judge Bench which had quashed the National…
In a latest judgment, ITAT Chandigarh has held that notice u/s 148 of the Income Tax Act, 1961 served upon by affixture at…
In a latest judgment, ITAT Delhi has held that post office is not an agent of the assessee. Notice u/s 143(2)…
In a recent judgment, ITAT Delhi following Pepsi Foods (P) Ltd case has granted stay beyond 365 days in a re-fixed…
Merely writing yes/approved and affixing signature by CIT is not proper satisfaction for a fit case for re-opening u/s 147…
In a latest judgment, the Delhi High Court has held that activity of 2D/3D seismic survey carried on by assessee in…
In a latest judgment, ITAT Chennai has quashed penalty proceedings u/s 271(1)(c) for concealment holding that there is a difference…