Anticipatory bail granted to accused of using forged Income Tax Return (ITR) for taking bank loan ABCAUS Case Law Citation…
Deemed dividend to be taxed in the hands of individual shareholder and not in the hands of Partnership Firm in…
Interest paid to legal heirs of deceased partner cannot be disallowed merely on ground of passing book entry on year…
Interests on capital account has to be calculated on daily product basis not on opening or closing balance of financial…
40 percent deduction for cash deposit in undisclosed bank account was very liberal as no details/evidences of expenses submitted by…
Entrance fee received by Club capital receipt not revenue. Supreme Court dismissed SLP of the Income Tax Department ABCAUS Case…
Addition for cash deposit upheld for absence of cash flow statement/cash book ABCAUS Case Law CitationABCAUS 3633 (2023) (01) ITAT…
Goods manufactured using advance modern/ technology not diversification i.e. different commercial activity – Supreme Court denies exemption u/s 4A of…
Revision u/s 263 to make additions substantively instead of protectively not sustainable - ITAT ABCAUS Case Law Citation ABCAUS 3631…
Applicability of interest tax on interest component in hire-purchase agreement. Supreme Court set asides the addition and upheld fact findings…