Statements made by stranger-third party in search case unless connected or corroborated could not be attributed to or lead to…
Section 80-IC deduction unavailable on fixed deposit interest–High Court. The benefit is available only for carrying on business mentioned in…
Reopening for overlooking transactions with associated enterprises and not referring them to TPO for computation of at arms’ length income…
High Court bans CA for one year for connivance in anti-dated stock invests issued by Bank and irregular share allotment on…
Conditions u/s 80IA are disjoint not cumulative. Conditions stipulated under section 80IA(4)(i) and 80IA(4)(iv) are held as disjointed by the…
Commissioner can not dismiss revision petition/s 264 on the ground that in assessee’s case similar issue was subject matter of…
Voluntary disclosure in all cases cannot absolve liability of concealment penalty. High Court confirmed penalty u/s 271(1)(c) for deferral/avoidance of…
Reopening notice u/s 148 quashed as Revenue was indulging in fishing by way of scrutinizing again something that had been…
Department can file appeal notwithstanding Monetary Limits if issue decided by the CIT-Appeals or Tribunal is contrary to the judgments…
CIT can exercise powers u/s 263 despite assessee’s appeal on that or some other aspect if the same was the…