Destruction of Pan Masala stock on court's order due to impermissible limits of magnesium carbonate disallowed u/s 37(1) being prohibited…
No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security for enabling the company to obtain loan/credit facilities…
No delay condonation application was required for appeals when the order was received late- ITAT restores appeals of the assessee…
Penalty can not be imposed on the basis of findings of assessment proceedings as they cannot automatically be adopted in…
Penalty for late filing VAT return-balance sheet held non compensatory and disallowed as per Explanation -1 to section 37 as…
Refund granted should be adjusted first towards interest component and balance left if any shall be adjusted towards the tax…
Addition based on judicial precedence in other cases unsustainable without first addressing the factual inadequacy of assessee’s explanation - ITAT…
Cash received over and above land registry price treated as capital gain for taxation purpose. Addition on account of unexplained…
Registration u/s 12AA-Document evidencing creation of Trust could be of any type. Trust can be created even orally and if…
Reopening for not replying enquiry letter issued on AIR basis to verify source of investment in the property held invalid…