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…
Disallowance u/s 40(a)(ia) not affected even if payee considers the receipt as income and pays tax thereon – ITAT follows…
Section 40A(3) applicable only when payment of expenses is made in cash exceeding specified sum and not to the payment…
Cash payments for purchase of liquor to government authorized licencee covered by exception provided under Rule 6DD. ITAT deletes addition…
Material obtained during assessment cannot be made basis for additions without confronting the same to the assessee. ITAT remand the…