Filing belated return & non-registration u/s 12AA no valid reasons to issue notice u/s 148 in absence of other tangible…
Expenditure incurred by the assessee towards replacement of machinery with new machinery constitutes a capital expenditure. ABCAUS Case Law CitationABCAUS…
Penalty u/s 271E deleted when loan was paid in cash to avoid default effecting CIBIL score as signed cheque books…
Reassessment held bad in law as assessee not given four weeks time to seek legal remedy after rejection of objections…
Non-filing of ITRs by lenders can give rise to suspicion for the lack of creditworthiness but not sufficient to draw…
Claim of agricultural income allowed in view of ownership of large land, girdwari and village sarpanch certificate ABCAUS Case Law…
Even a single transaction may constitute business as defined in section 2(13) of the Income Tax Act ABCAUS Case Law…
Some tax evasion sought by assessee is a necessary condition for imposition of penalty u/s 271(1)(c). What has to be…
Incorrect wrong and non-existing reasons recorded for reopening of assessment is non application of mind ABCAUS Case Law CitationABCAUS 3430…
Section 50C of not apply to transfer of leasehold right in plot of land - ITAT allowed appeal following High…