Fixed medical allowance to employees taxable without proof that medical expenditure actually incurred. ITAT upheld addition u/s 201(1) for short…
Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…
For Revision u/s 263, records include records relating to assessment proceedings of preceding assessment years ABCAUS Case Law Citation:ABCAUS 3271…
Addition u/s 56(2)(ii) deleted as Law cannot operate in vaccum de-horse ground realities though deeming section not requires any incriminating…
Non striking of applicable limb of penalty u/s 271(1)(c) in notice. ITAT permits restoration of appeal if issue is decided…
Assessment framed by AO having no territorial jurisdiction based on Postal Pin Code as per CBDT Notification quashed ABCAUS Case…
CPC if not satisfied with reply of assessee, has to issue notice u/s 143(2). No disallowance to be made merely…
Complainant using ICSI to recover alleged dues only a serious matter and need to be looked into when he settled…
Assessment u/s 153A has to be made only on basis of seized material. Assessment can not be arbitrary or without…
CIT should make detailed enquiry at revision stage if he wants to take a different view and give finding how…