Depreciation on goodwill and non compete fee allowed by the Tribunal in view of the binding judgment of Hon'ble Supreme…
Reopening u/s 148 for mere non disclosure of bank account in ITR without forming belief that income has escaped assessment,…
Penalty 271A cannot be sustained when assessee was not covered under Rule 6F assessee furnished adequate information to enable AO…
Applicability of section 115BBE to surrender made during survey is highly debatable. ITAT quashed rectification order imposing higher tax rate…
Peak credit addition does not include income after peak balance date. ITAT directed addition of further 8% profit after the…
Entrance fee / onetime fee from new members is capital receipts. Similarly donation towards corpus fund were also eligible for…
Profit rate on bogus purchases reduced as assessee also paid VAT on purchases. ITAT directed AO to recompute income after…
Addition u/s 68-mere non-submission of ITR copy no ground for rejecting explanation, when it was demonstrated that loans had already…
Income offered and taxed in the proceedings before the Settlement Commission, cannot be taxed again in the proceedings u/s 143(3)…
Section 45(5A) is prospective in nature not retrospective. The section provides that the date of handover of the possession is…