Addition based on statement recorded deleted as witness did not appear for cross examination on Departments notice ABCAUS Case Law…
Disallowance u/s 40A(2)(b) AO has to form opinion if expenses more than FMV according to legitimate needs of business. ABCAUS…
Assessee not permitted to change head of income as per his own sweet will and convenience. ITAT upheld addition following…
Concealment Penalty cannot be levied on rejection of a bonafide claim. Even assessee with great expertise could make silly mistake…
Services of web promotion, social media management held not liable to withholding tax u/s 195 as per the provisions of…
Interest on FDR pledged as security for obtaining contract is business income and profits to be computed by applying NP…
It is impossible to maintain list of gifts given and demonstrate that a particular sales order was received as a…
Rejection of books of accounts for non maintenance of stock register or incorrect valuation method or non compliance with accounting…
Delay in filing appeal due to assessee not present at his residence and took time in consulting his Counsel condoned…
Lack of enquiry in a particular manner or as per procedures prescribed vitiates the assessment only when relevant provisions are…