Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue - ITAT quashes…
Compensation paid to retiring partner consequent to family settlement-Deduction allowed as capital of firm was kept intact and business was…
Interest for late payment of service tax not penal in nature but only compensatory. ITAT deletes disallowance made under section…
Agricultural land-revenue records can not be rejected without any basis or material evidence holding it to be an mechanical entry…
Chapter VI-A deduction allowable on disallowance u/s 40(a)(ia) for profits of the eligible business so enhanced by the disallowance- ITAT…
CIT can not substitute his view over the view taken by AO in the revisionary jurisdiction u/s 263 as AO…
AO cannot remain quiet after issuing summons u/s 131 which went unanswered. Without resorting to further investigation no adverse inference…
Addition confirmed for non filing of affidavit stating that the assessee had not agreed for the addition during the assessment…
Commission paid to represent assessee before govt agencies for getting work held not an offence u/s 37(1) - ITAT Judgment…
Non issuance of statutory notice u/s 274(1) vitiated levy of penalty u/s 271(1)(b). Mere proposal to initiate penalty proceedings not…