Exemption u/s 54F allowed though Capital Gain sale proceed deposited in Nationalised Bank instead of capital gain deposit scheme account…
Once an asset is part of block, depreciation can not be denied non-use. The concept of “use” of assets has…
Supreme Court declares requirement of minimum age of 50 years for appointment in Tribunals as void and inoperative ABCAUS Case…
Entire income of trust cannot be taxed for violation of Section 12A exemption conditions. Supreme Court dismisses SLP of Department.…
Calcutta High Court stays section 194N for TDS on cash withdrawal from bank In the instant case, the petitioner had…
No concealment penalty for claiming capital expenditure as revenue when there is no conscious and deliberate attempt by assessee to…
Penalty u/s 271(1)(c) deleted as quantum addition was reduced significantly from 100% to 20% in respect of bogus purchases. In…
CIT assuming jurisdiction u/s 263 has no power to direct initiating penalty proceedings u/s 271(1)(c) CIT Revision u/s 263 for…
CIT Revision u/s 263 for failure of AO to convert limited scrutiny into complete scrutiny quashed as no credible material…
Retrospective amendment cannot change tax withholding liability with retrospective effect though it changes tax liability in respect of an income…