Jewellery held belonging to 3 wives though purchase bills found in search were in assessee's name. HC uphelds deletion of…
Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court…
Reopening materials include subsequent years assessments scrutiny during the course of whose proceedings AO has occasion to see if the…
Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in…
Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961…
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court …
It is for assessee to decide how to utilize loan in business, Court not to substitute its opinion over his…
No addition for inflated statement of stock submitted to banker when no discrepancy was found in physical verification and books…
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…