Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts -…
To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the…
Income Tax order without Document Identification Number (DIN) is void ab initio. subsequent separate communication of DIN is a superfluous…
In ICAI Open Book’ methodology exam also the student required to write answers not copy-paste in the answer book –…
Addition made towards opening balance of capital account merely because no return was filed earlier deleted by ITAT ABCAUS Case…
Land introduced as capital in partnership firm rightly taxed as capital gain u/s 45(3), no benefit can be given for…
Addition for bogus capital gain in penny stock company deleted as shares were purchased and sold before order of SEBI…
Disallowance of ITC under UP VAT Act 2008 not same as in Karnataka VAT Act with respect to by-product/exempt goods…
Non-issuance of the notice u/s 154(3) is a procedural irregularity. ITAT directs AO to issue notice and give opportunity ABCAUS…
Before disallowance of salary u/s 40A(2)(b) Assessing Officer was duty bound to provide an opportunity to the assessee to place…