Exemption u/s 54EC allowed as delay in investment in REC Bonds was due to father of the assessee in ICU …
Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee…
It is not open for CIT(A) to introduce a new source of income. ITAT deleted addition made section 69A changing…
Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…
Penalty u/s 270A can not be levied for additions made on estimation basis. Penalty on the basis of findings in…
Rectification application u/s 154 for claim of leave salary encashment exemption u/s 10(10AA) dismissed as barred by limitation In a…
Order held erroneous but not prejudicial despite depreciation allowed at higher rate because there was no taxable income on account…
Reopening due to bank’s mistake in reporting PAN of partnership firm in bank account of proprietorship– ITAT deleted additions made…
No deemed dividend u/s 2(22)(e) when loan was received for commercial transaction and interest was paid on it In a…
Wherever word only “Business” is used, it does not include “Profession" – ITAT deletes addition for compensation u/s 28(ii)(e) In…