Assessee while removing defect u/s 139(9) can not revise income originally returned. A corrected return does not have an independent…
Letter of an ITO is not an appealable order before Commissioner (Appeals) u/s 246A - ITAT In a recent judgment…
ITAT allows exemption u/s 11 when audit report in Form 10B was uploaded but could not be approved due to…
Explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) - ITAT In a recent…
Penalty u/s 271B deleted as notices were uploaded on portal only, assessee being a divorcee lady could not access income…
Income surrendered in relation to hospital building construction by doctor was not unexplained investment u/s 69 liable to higher tax…
Minimum hotel room occupancy guarantee payments by OYO not liable to TDS u/s 194C - ITAT In a recent judgment…
It is quite reasonable and logical for a married daughter to keep her jewellery with her mother. ITAT deleted addition…
No Penalty u/s 271B for non Tax Audit when AO treated capital gain transaction as business income In a recent…
Employee of IRCTC entitled to full exemption of leave encashment u/s 10(10AA)(i) being employed with Central Government company. In a…