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…
Penalty u/s 271(1)(c) on account of deemed dividend addition u/s 2(22)(e) deleted. Penalty cannot be imposed in a debatable issue…
Disallowance u/s 40A(3) for cash payment to agents for onward disbursement towards various expenses set aside. ITAT remands case for…
ITAT accepted explanation for cash deposits in bank account as there were only cash deposits in bank account and no…
Cash deposited in bank after kept in hand for two years out of FDR maturity accepted as Revenue could not…
ITAT remanded case for non receipt of notice, says postal services are poor in rural areas. Sometimes the postman delivers…
AO had no jurisdiction to frame assessment when statutory notices issued at parental house and assessee was living at a…
Delay condoned as assessee filed a single appeal against two penalty orders and later realized that a single appeal against…