Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no…
Handling-distribution loss in dealing wholesale poly pack milk allowed. The nature of business demanded such losses and the percentage incurred…
Reopening us 147 on the basis of photocopy document bad as it has been judicially held that photo copies have…
The violation, if any, of the provision of a State Act, should not come in the way of processing the…
Benefit of 30% Disallowance u/s 40(a)(ia) prior to 2015 amendment be given to assessee else AO should confirm if parties…
CIT-Appeals ex-parte order bad as he himself adjourned hearing for being busy, notice received on same date and AR was…
Revision 263 for non application of section 50C. The order of the AO was held not only erroneous but also…
Bogus purchase disallowance reduced from loss declared by the assessee as the purchases were related to the same business only…
Bogus Purchase-profit already disclosed to be reduced from profit rate applied. AO was directed to give credit for disclosed profit…
Draft Income Tax Appellate Tribunal Rules 2017 issued for public comments. 1963 Rules outlived utility in view of changing circumstances…