Penalty notice u/s 271AAB without specifying ground and default in the show cause notice u/s 274 held not valid –…
Penalty notice u/s 271(1)(c) without specifying specific charge quashed. The decisions relied by Revenue rejected by the Tribunal ABCAUS…
Application of correct limb of penalty u/s 271(1)(c) is a question of fact and not a question of law. ITAT…
If business not closed down, expenses allowed u/s 37(1) even if turnover was low as it was temporary lull which…
Non profit company not a comparable for Transfer Pricing. ITAT directed AO to exclude it from the list of comparables…
ITAT authorised to consider question of jurisdiction raised first time and not raised earlier as it goes to the root…
No disallowance for cash payments u/s 40A(3) if genuineness of transactions and identity of the payee is established. ITAT deleted…
Reopening for not replying to invalid and non est inquiry letter for cash deposited in bank quashed. Deposit per se…
Addition u/s 69B for difference in stock from statement given to Bank deleted as in preceding year it was deleted…
No Penalty u/s 271(1)(c) for mere disallowance in quantum proceedings in the absence of any falsity in the explanation offered…