Depreciation and provision for maintenance on BOT project allowable. ITAT distinguished decision of Bombay High Court & held in assessee's…
Reopening due to change in method of accounting for NPA quashed as it was notified in audited accounts. SC dismissed…
Corporate membership of club of Managing Director (MD) of the company allowed as incurred wholly and exclusively for the purpose…
Assessee should maintain accounts pertaining to entire agriculture activity to substantiate the claim of agriculture income - ITAT ABCAUS Case…
CIT cannot direct AO u/s 263 to decide whether the findings recorded are erroneous without his own clear finding that…
Deemed dividend u/s 2(22)(e) applies only to net debit balance of advances in all accounts where assessee is maintaining multiple…
Section 54F exemption not require that land on which construction of property is made must be owned by the assessee.…
Arm’s length rate of interest is the rate prevalent in country of AEs where loan is received/consumed and not the…
Capacity Utilization Adjustment in transfer pricing allowed for early years of operation where comparables had on average higher utilization ABCAUS…
Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period…