Penalty u/s 270A can not be levied for additions made on estimation basis. Penalty on the basis of findings in…
Rectification application u/s 154 for claim of leave salary encashment exemption u/s 10(10AA) dismissed as barred by limitation In a…
Order held erroneous but not prejudicial despite depreciation allowed at higher rate because there was no taxable income on account…
Allegation of Paper Companies without further facts insufficient to reopen assessments - SLP dismissed by Supreme Court. High Court laid…
Reopening due to bank’s mistake in reporting PAN of partnership firm in bank account of proprietorship– ITAT deleted additions made…
High Court declines interference under writ jurisdiction at conclusion stage of re-assessment proceedings. In a recent order, the Hon'ble Allahabad…
No deemed dividend u/s 2(22)(e) when loan was received for commercial transaction and interest was paid on it In a…
Supreme Court to decide if non mentioning DIN by income tax authorities makes order void or it’s just a procedural…
If assessee not availed opportunity of cross examination, it can not be ground of challenge – Supreme Court dismisses Special…
Wherever word only “Business” is used, it does not include “Profession" – ITAT deletes addition for compensation u/s 28(ii)(e) In…