Rule 8D can not be applied without giving reasons. Unless AO rejects explanation of the assessee with some reasoning, mere…
Merely giving financial assistance by father to sons to purchase properties it could not be said to benami transaction -…
Retraction from the surrender without having evidence or proof not permissible in the eyes of law. Supreme Court quashed SLP…
Dharmada collected as optional payment by buyer not part of transaction value for the sale of goods –Supreme Court quashes…
Validity of notice u/s 148 where assessment was made u/s 143(1)- Supreme Court quashed High Court order that no substantial question of law…
AO had inherent powers u/s 142(2C) to suo moto extend time for submission of special audit report directed u/s 142(2A),…
Supreme Court declares RBI Circular on revised framework for resolution of stressed assets ultra vires . All cases proceeded declared…
Non Members not aggrieved person so as to have a right to challenge the Disciplinary order of ICAI. Supreme Court…
Supreme Court dismisses SLP of Income Tax Department against Radhika Roy, wife of NDTV founder Prannoy Roy ABCAUS Case Law…
Deduction u/s 80IB allowed when assessee was not owner of the land and undertook housing project at their own risk…