No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice u/s 143(2) ABCAUS Case…
Harish Salve gets relief from ITAT. Funding education of Indian law students abroad allowed as business expenditure u/s 37(1) as…
IBC is special statute, must prevail over Companies Act 2013. Section 7 IBC Petition maintainable post admission of winding up…
Disallowance u/s 40(a)(ia) for non deduction of TDS on amount credited to Provision account deleted by High Court on principles…
Transfer of jurisdiction u/s 127 upheld as partnership firm was required to disclose residence of its partners ABCAUS Case Law…
Partners salary revised just before end of financial year allowed being in accordance with terms of deed and law ABCAUS…
Addition u/s 69 for unexplained cash deleted by the Tribunal. It was held that tag of another bank found on…
Supreme Court fixes banks liability on locker operation. Banks cannot wash off hands and claim no liability towards their customers–Supreme…
STamp duty valuation not a relevant criteria to decide payment of on-money by assessee but piece of evidence to ascertain…
Education cess is an allowable expenditure under Section 37 of the Income Tax Act 1961. ITAT allows deduction on the…