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…
Relief under the 89 of the Act is available qua a perquisite. Rule 21A and Form 10E do relate to…
Penalty 271(1)(c) deleted on debatable issue of revenue or capital receipt of the freight subsidy not accounted for on mercantile…
The right to appeal has been provided in statute u/s 249 which can only be taken away by legislative amendment…
Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the…
Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying…
Interest on loan against FDR security not deductible u/s 57 against interest income earned on FDR on the ground of…