Revisionary order u/s 263 passed in the name of dead person quashed. CIT was not justified in setting aside the…
Addition for creditors balance difference in fish trading business. 100% accounts reconciliation impossible considering perishable nature of business ABCAUS Case…
Addition made for excess agriculture productivity of fruits quashed. No disallowance can be made merely on basis of report of…
Disallowance 40A3 for cash payments by brick kiln quashed as payments made to truck drivers at night after banking hours…
Sale of scrap reduced from WIP upheld. Scrap held inextricably linked with construction / developmental activity ABCAUS Case Law Citation:ABCAUS…
Notice u/s 143(2) served by affixture at wrong address without independent witness of the locality made it bad in the…
Addition for Bogus creditors converted into cessation of liability as goods were defective and vendors had not shown amount as…
NRE Account interest exempt u/s 10(4)(ii) only if assessee is resident outside India for the concerned fiscal year under FEMA…
No tax audit in one proprietorship firm-ITAT deleted penalty u/s 271B as when no accounts was maintained, assessee was not…
Additional depreciation on revenue expenditure on installation of plant and machinery allowable. ITAT directs AO to delete the addition ABCAUS…