Concealment means positive act on part of the assessee and the onus to prove is on Revenue. Penalty can not…
Sales Promotion expenses allowed based on percentage to sales when such expenses were allowed on similar ratio in preceding year.…
Purchase not bogus merely for non-appearance of supplier Merely non-appearance of the supplier in absence of any other corroborate evidence…
54EC deduction for investment made after 6 months allowed when sales consideration was received late.The tax-payer cannot be asked to…
Notice us 148 not invalid if assessee do not challenge it. Settled law is that if assessee chooses not to…
Unexpired AMC charges not income but advance. Due to refund obligation, the whole income did not accrue at the time…
Reopening for cash deposits for non response to notice u/s 133(6) is illegal where assessment was completed u/s 143(3)/147 and…
Despite more than prescribed Trucks-income computed u/s 44AE at rates prescribed in the section with benefits of salary & partner's…
Penalty notice without specific charges when assessee had no confusion as to if it was for concealment or inaccurate particulars as…
Employees LTC LFC claims for foreign travel not exempt u/s 10(5). Employer rightly treated assessee in default u/s 201(1) and…