Reopening of assessment which is completed u/s 143(1) not sustainable without there being any tangible material coming to the knowledge…
When assessee invested entire capital gain in purchasing land to construct residential house, there cannot be any denial of exemption…
Mere making a claim for set off of losses not furnishing inaccurate particulars of income as it was personal opinion…
Not disclosing accrued FDR interest payable on maturity was not Concealment. Penalty deleted as interest was payable on termination or…
Revisionary order u/s 263 passed against dropping of penalty u/s 271(1)(c) after the expiry of limitation period as provided u/s…
Donations received by college were not capitation fee and generation of surplus did not render it ineligible for claiming exemption…
Foreign education expenses of director allowed as business expenditure u/s 37(1) being incurred in furtherance of assessee’s business interest ABCAUS…
Unrelated person unlikely to give false evidence to oblige the assessee, said ITAT deleting addition made for cash deposit on…
Selling cost not part of cost of construction or WIP as per ICAI guidance note on accounting for real estate.…
Concealment penalty for not offering LFC/LTC reimbursement to tax under bonafide belief that it was exempt as the employer did…