Income earned from property if business income or income from house property primarily depends upon the objects / main business…
Valuation of closing stock is revenue neutral - ITAT deleted addition on account of valuation of stock In a recent…
Disallowance towards land filling expenses was right as except contractor bills no other evidence was produced - ITAT In a…
Assessee was liable to pay penalty u/s 272A(1)(d) on the first default as thereafter, the AO could have proceeded to…
Assessment order has to be read as it is and there is no scope for drawing any inference or reading…
Belief of the Assessing Officer regarding escapement of income should be based on some tangible information In a recent judgment,…
Capital gain tax in JDA is in the year of receipt of constructed area and not in year of entering…
Simply holding that AO was required to make more enquires is not a valid ground to hold assessment order as…
Assessee can not be prevented from claiming an income exempt merely because such income was wrongly offered in ITR which…
CIT(A) directed to consider rectification application u/s 154 against CPC adjustment made u/s 143(1)(a) In a recent judgment, ITAT has…