Expression “any previous year” in Section 68 refers to previous year relevant to the Assessment Year in question - High…
Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…
e-Assessment proceedings can lead to erroneous assessment if AO not able to understand transactions and accounts without a personal hearing…
Prosecution u/s 276CC-Failure to file ITR was not willful due to seizure of documents required by assessee for examination before…
In absence of accounts/certificate of agriculture activity claimed to have been carried out, mere affidavit not sufficient to discharge the…
Reopening u/s 147 /148 for escaped interest income upheld when AO by oversight failed to assess interest income duly disclosed…
Backward area declared u/s 80HH(2) do not apply to section 80-IA(2)(iv)(c) as both sections are separate and have independent provisions…
High Court condemns GST officials staying 8 days at searched residential house, says such action punishable with three years jail…
Payment of interest on interest on delayed refund u/s 244A. Delayed refund becomes part of principle amount and delayed interest…
High Court denied bail to GST Audit Superintendent when trap proceedings were followed as per rules though bribe money was…