Simply holding that AO was required to make more enquires is not a valid ground to hold assessment order as…
Assessee can not be prevented from claiming an income exempt merely because such income was wrongly offered in ITR which…
CIT(A) directed to consider rectification application u/s 154 against CPC adjustment made u/s 143(1)(a) In a recent judgment, ITAT has…
No penalty can be levied if AO failed to record such satisfaction in assessment order. Penalty proceedings would necessarily be…
There is no presumption that people having low income cannot have small saving In a recent judgment, ITAT has deleted…
Addition u/s 40A(3) deleted- CBDT can not impose new condition for grant of benefit which are not provided in Act…
Penalty u/s 272B for non-quoting of PAN deleted as show cause notice u/s 274 did not specified default done by…
Creditworthiness proved when agricultural income not accepted by the Department in toto but the portion not accepted treated income from…
Exemption u/s 11 denied on filing wrong ITR-5 instead of ITR-7 by mistake. A genuine and inadvertent mistake by filing…
Assessee while removing defect u/s 139(9) can not revise income originally returned. A corrected return does not have an independent…