Assessee is eligible for the deduction of the amount embezzled by the employee as a trading loss u/s 28 of…
Mere reflection of income in P&L Account does not make it business income. Books of accounts not conclusive evidence to…
Exemption u/s 54F could not be denied for fraud by builder in constructing building without NOC not disclosed to the…
Allowability of Exemption u/s 54 where new residential property used partly for commercial purposes . ITAT remanded case for verification…
Change of opinion not permissible for invoking proceedings u/s 147. ITAT quashed reassessment for payment of managerial remuneration in proprietorship…
Issue of notice u/s 148 by Non jurisdictional AO not valid. Section 292BB not applicable where assessee had already objected…
Revision u/s 263 upheld as AO failed to initiate penalty proceedings u/s 271(1)(c) where assessee increased income in revised return…
Deduction u/s 80JJAA There is no requirement of atleast 100 new workmen to be employed to claim deduction ABCAUS Case…
TDS return filed late cannot be declared non est in law. Like income tax return no such provision exits declaring…
Insistence of tax authorities to produce a written Agreement to Sell was arbitrary perverse and unreasonable when Law permits oral…