Capital gain deduction u/s 54 for purchase of two flats on different floors allowed as flats were one above the…
There is no bar in filing revised return of income after issue of income tax notice u/s 143(2). There is no…
Date of transfer of immovable property is when sale deed is executed and not when it is recorded by the…
Orders u/s 234E not appealable before CIT(A). Department not obliged to serve the order separately upon the assessee when available…
Penalty 271B treating cash deposits in bank as turnover u/s 44AB upheld by Tribunal when assessee could not explain source…
Disallowance 40(A)(3) for cash payment deleted when payee was new. When genuiness of payment not doubted there was every possibility…
Partners Salary and interest not disallowable when assessment u/s 143 is made in the manner laid down u/s 144 by…
Assessment done by CIT-OSD promoted on situ basis upheld. Contention was that CIT could not be Assessing Officer u/s 2(7A)…
Return filed with wrong jurisdiction cannot be considered for deciding the validity of reopening u/s 148 as AO’s belief is…
Depreciation allowed when asset was not used for a single day during the year due to seizure by bank for loan…