Addition u/s 69 on the basis of unsigned receipts found during search deleted. Such unsigned receipts could not have been…
No penal action on filing of belated GSTR-9/GSTR-9C returns-SC declines to interfere Rajasthan High Court Judgment In a recent judgment,…
TDS deposited before filing ITR is allowable u/s 43B despite assessee following cash method of accounting ABCAUS Case Law Citation:ABCAUS…
Car depreciation & insurance allowable irrespective of any personal use by the assessee ABCAUS Case Law Citation:ABCAUS 3248 (2020) (02)…
Unutilised MODVAT credit of Excise Duty not allowable u/s 43B. Paying cost of raw materials does not mean that assessee is liable to pay Excise Duty on…
Penalty u/s 271B deleted. Books of Accounts not finalised due to TDS credit mismatch despite assessee made sincere attempts for…
Depreciation allowable u/s 11(6) when assessee has not claimed cost of fixed assets as application of income in any previous…
CIT(A) reduced income on appeal which clearly showed non application of mind by AO while recording the reasons, which made…
When all cash credits treated as turnover, capital introduction in cash and machinery purchased should also be considered out of…
Rent of land not appurtenant to building is taxable as income from other sources. Rent only from buildings and land…