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Recent Posts

  • Income Tax

Merely twofold increase in share prices no reason to doubt or disbelieve the transaction

Merely because share prices doubled, it may not have given rise to any doubt to disbelieve the transaction – High…

16 hours ago
  • Income Tax

Income tax authority duty bound to comply with the decision of Supreme Court

It is the bounden duty of income tax authority to comply with the decision of the Supreme Court – High…

18 hours ago
  • Income Tax

Appeal withdrawn against rejection u/s 12AB as assessee was availing benefit u/s 10(23C)(iiiad)

ITAT allows withdrawal of appeal against rejection of registration u/s 12AB as assessee had been availing benefit of blanket exemption…

3 days ago
  • Income Tax

When delay not mala fide, right of hearing on merit not to be rejected – ITAT

When explanation for delay does not smack of mala fide, right of hearing of appeal on merit ought not to…

3 days ago
  • Income Tax

Exemption u/s 54 allowed despite failure to deposit in Capital Gains Accounts Scheme

ITAT allows exemption u/s 54 allowed despite failure to deposit the amount in Capital Gains Accounts Scheme and new asset…

4 days ago
  • Income Tax

No addition to be made in hands of assessee solely on basis of uncorroborated loose-sheet

Addition cannot be made in the hands of the assessee solely on the basis of uncorroborated loose-sheet - ITAT In…

4 days ago