No concealment Penalty if assessee’s explanation not found false, but not accepted on account of substantiation with solid evidences ABCAUS…
Dismissal of appeal in limine by CIT(A) for delay-ITAT followed as no ground was raised by assessee with regard to…
There is no deeming fiction u/s 28(va) to tax amount on receipt basis where sum accrued earlier following mercantile system…
Payment of house rent to wife residing with assessee in the same house is a colourable devise to avoid legitimate…
Reopneing-AO had to act on the basis of reasons to believe and not on reasons to suspect. ITAT quashed the…
Non doctor running a hospital is not a professional for tax audit turnover limit purpose, but it is a business…
Unaccounted tax liabilities to be deducted from reserves for levy of deemed dividend u/s 2(22)(e). AO should consider the liability…
No Penalty u/s 271(1)(c) without addition-Quantification of penalty depended upon addition made to the income of the assessee - ITAT…
Penalty u/s 271(1)(c) for inadvertently not showing salary from second employer deleted as assessee suo moto recalculated and paid the…
Expenditure on advertisement and brand promotion allowed in the year in which incurred wholly and exclusively for the purposes of…