SC uphelds validity of rule 6(4)(m)(i) of Karnataka Sales Tax Rules read with Explanation III to Rule 6(4) ABCAUS Case…
Letter of Allotment can not be considered as agreement to sale by any stretch of imagination. ITAT upheld addition u/s…
Addition made for not explaining frequent cash withdrawal and deposits in bank deleted as addition solely based upon suspicion not…
Failure to comply u/s 194C(7) does not resurrect liability u/s 194C(6), Section 194C(7) and section 194C(6) are independent to each…
Cash Payments itself not undisclosed income of assessee in the absence of corresponding asset found at the time of search.…
Addition made only on the basis of statement which stood retracted on the next day itself was unjustified. ITAT deleted…
Reassessment order quashed for not supplying reasons recorded for re-opening the assessment u/s 148 in spite of assessee’s written request…
ITAT warns of awarding cost for AO not following guidelines of Supreme Court in GKN Driveshaft where assessee objects to…
Delay in filing electronic appeal due to non updation of mobile no. in aadhar so as to verify the OTP…
Addition on account of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT as…