Satisfaction of AO as to incorrectness of claim of the assessee is an essential prerequisite for invoking the provisions of…
Reducing depreciation rate not debatable issue to invoke section 154 for rectification. Error discovered from records constitute apparent error ABCAUS…
ITAT explain the expression wholly and exclusively used in section 37. ‘Wholly” relates to quantification and “exclusively” refers to the…
TDS on payments to non-residents applicable at rates prescribed under DTAAs, not 20 per cent. Section 206AA not override provisions…
Commissioner Appeals cannot not enhance assessment unless the assessee had a reasonable opportunity of showing cause against such enhancement -…
Compensation received from builder under settlement for failure to give possession of flat within stipulated time held not capital receipts…
Reopening by issue of notice u/s 148 on the basis of AIR information after sending query letter to assessee was…
Reopening notice after 4 year when escaped income less than 1 lakh is time barred and not tenable in the…
False declaration of trucks by transporter-assessee cannot be held guilty for non deduction of TDS u/s 194C as his liability…
No concealment penalty can be levied for only change of head of income - ITAT deleted penalty for change head…