CIT(A) direction to initiate fresh reassessment proceeding after deciding assessee’s objections set aside as reassessment was bad in law ABCAUS…
Sale of property was not business income when not held as stock in trade neither was related to the business…
AO is under obligation to specify the limb of section 271(1)(c) at the time of initiation as well as at…
CIT is empowered to invoke revisionry powers u/s 263 to direct AO to initiate penalty proceedings u/s 271(1)(c) - ITAT…
Section 50C has no application in case the entire net sale consideration has been applied for acquiring the new house…
No disallowance u/s 40A(3) where payments not claimed as expenditure. ITAT deletes addition as alleged cash payment was made for…
Merely cash withdrawals at one point of time cannot be a sole basis for explaining the cash deposit in future.…
AO should examined return of income and carry out initial investigation before coming to the conclusion that income has escaped…
Not providing certified copy of penalty order was reasonable basis for seeking condonation of delay in filing the appeal before…
Penalty U/s 271(1)(c)-Unspecified charge in notice can be made good with a clear-cut finding in penalty order - ITAT explains…