Penalty u/s 271(1)(b) deleted when assessment was framed u/s 143(3) proving that the assessee had cooperated in the assessment proceedings…
Deduction u/s 54F for house purchased from father in law allowed when he was assessed to long term capital gain…
Transfer of the property by irrevocable power of attorney not valid mode of transfer u/s 2(47). ITAT follows Supreme Court…
Commission paid to non-resident outside India for the services rendered outside India will not fall in the category of the…
Penalty u/s 271B deleted for frequent change of Managing Director resulting delay in statutory audit causing delay in audit u/s…
Allowing telescoping of surrendered income against bogus sundry creditors appearing in the books of accounts was wrong - ITAT ABCAUS…
Chartered flight travel by a charitable society enjoying tax benefit was an unreasonable expenditure. ITAT confirms addition for want of…
Interest Income paid on Interest Bearing Maintenance Security by Resident Welfare Association held to be allowable expenditure u/s 57(iii) ABCAUS…
Meager or nil income of the lender no reason to make addition u/s 68 as bogus enty. Income may be…
Salary earned for services rendered abroad by non resident not taxable in India treating it as accrued or arisen in…