Addition u/s 68 made without issuing notice to creditors deleted by ITAT as AO failed to conduct inquiry. Had creditors…
Sale of client relationship and goodwill by CA firm was of capital asset u/s 2(14) chargeable to tax under the…
Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the…
DVO reference u/s 55A invalid where value was more than FMV as on April 1, 1981 as per approved valuer's…
No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment…
There is no concept of pre bargaining under Income Tax Act – ITAT dismisses delayed quantum appeal filed after initiation…
Sale of land made by partnership firm can not be added in partner’s hand. Assessment has to be done in…
Loss by shop burglary arisen during the course of business allowed u/s 37(1) even when Insurance company assessed loss at…
Interest cost for the period for which capital asset was held by the assessee prior to sale not deductible u/s…
Issue of notice u/s 143(2) on the same day return was filed made the entire assessment illegal for being non…