A company cannot have any personal expenditure. ITAT deleted ad hoc disallowance on vehicle running and maintenance expenditure ABCAUS Case…
SAT quashed SEBI order debarring by Price Waterhouse firms/other auditors from auditing listed Companies and Directions to listed Companies not…
Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s…
Prosecution u/s 276B set aside as intention of company was to deposit TDS, but due to bad financial condition the…
Interest awarded in motor accident claim cases from the date of the Claim Petition till passing of award/judgment not taxable,…
Principles of law and legal position regarding exercise of revisionary powers u/s 263. ITAT explains the twin conditions as laid…
Reopening for escaped FDR income upheld when in original assessment profits was estimated only on contract income ignoring interest income…
Penalty u/s 271E deleted in the absence of proof /receipt acknowledging the repayment of loan in cash by the assessee.…
When appeal from order of CESTAT lie before Supreme Court or to the High Court u/s 130E or 130 of…
Waiver of rent payable by tenant amounts to application of income and therefore taxable. It cannot be construed as overriding…