Section 54 Exemption not require utilisation of sale proceeds of original capital asset only. Investment out of bank loan and…
Ex parte penalty order passed ignoring adjournment application filed set aside as the CIT-A had never ever bothered to peruse…
Sale of Edible white button mushroom held as agricultural income exempt u/s 10(1). Soil even when separated from land continues…
Authorities should give specific finding on explanation of assessee in the light of the case law relied upon. ITAT remands…
Ad hoc disallowance of expenses for personal use of vehicle telephone deleted as AO did not bring any finding of…
Disallowance of Partners remuneration of CA firm deleted by ITAT as the deed mentioned the method of quantification u/s 40(b)(v)…
Penalty for concealment can not be imposed when notice issued was for furnishing inaccurate particulars of income - ITAT ABCAUS…
No disallowance u/s 36(1)(iii) can be made for cash-in-hand over the certain period of time unless cogent material is brought…
Unexplained cash credit addition u/s 68 for house constructed deleted on the basis of cash in hand balance in balance…
Inflated value of furniture as part of property sale price to save stamp duty rightly taxed as unexplained cash credit…