Director’s remuneration allocation in ratio of turnover upheld for deduction u/s 80IA as director’s involvement was minimal In a recent…
AMC charges not fee for technical services - No ITAT deletes disallowance u/s 40(a)(ia) In a recent judgment, ITAT has…
Mere higher cash deposits during demonization period does not make explanation of cash sales as bogus and unsustainable - ITAT…
Additions based on statement recorded u/s 132(4) without considering Retraction Affidavit with evidences deleted In a recent judgment, ITAT has…
Interest income on fixed deposits of the surplus funds put in FDRs cannot be treated as business income but income…
Income tax demand will be enforced qua the assets, if any, left behind by the deceased assessee - ITAT In…
Revision order u/s 263 upheld as substantial amount of cash was deposited in the bank accounts of all the investors…
To make additions u/s 68 for unexplained cash credits, all three limbs must be proved/established In a recent judgment, ITAT…
Kachha Arthia not entitled to credit for TDS wrongly deducted against his PAN In a recent judgment, ITAT has held…
The ITAT remands the assessment order passed ex-parte as the assessee was illiterate housewife and widow and did what husband…