Penalty proceedings u/s 271D without recording satisfaction in the assessment order held to be illegal following Supreme Court judgment ABCAUS…
Addition u/s 69C for unexplained marriage expenses deleted by ITAT noting that in Indian society, family members contribute to wedding…
Restriction that Auditor can not be an accountant to value FMV u/s 56 as provided in Rule 11UA is well founded…
When entire investment/payments for flat purchase was made by the assessee in the name of his daughter, the capital gain…
Merely because some of vouchers did not bear the truck number or driver’s name the transport expenses was not ingenuine…
Tribunal declined to issue direction to AO to reopen cases under section 147 as Department have enough powers u/s 147,…
Reopening limitation period not stood extended merely for passing reference made by the ITAT when assessee was not a party…
Market value of property with encroachment would always be lower - ITAT directs adoption of valuation u/s 50C prevalent on…
When assessee surrendered exemption claimed on the condition that penalty proceedings u/s 271(1)(c) are not initiated there was no question…
Charges for Conversion of residential house usage to commercial revenue expenses as they are incurred on year-to-year basis and nor…