No addition warranted for bogus purchases where GP rate was better than the average GP rate declared by assessee for…
Construction of flats purchasing land amounts to civil construction and profit earned thereon, are eligible for taxation U/s 44AD of…
Disallowance for prior period expenses deleted by the ITAT as the tax rate was the same from one year to…
Arms Length Price of intra group management fee paid determined Nil by TPO upheld as there was no evidence on…
Penalty u/s 271D for taking cash loan from father and paternal aunt deleted following various decisions of High Courts and…
LTCG exemption denied for Penny stock set aside by ITAT as AO had placed reliance on documents not confronted to…
Levy of fee us/ 234E prior to 01.06.2015. ITAT explains the law on condonation of delay by assessee in filing…
When relief granted by CIT(A) is accepted in one case in one year, it is not open to revenue authorities…
Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate income @20% of gross…
ITAT directed AO to give telescopic benefit for chit contributions as there was no finding that income estimated from business…