Peak of both debit and credit entries of seized papers only can be added as undisclosed income, no justification for adding only receipt side of seized papers ABCAUS Case Law Citation: ABCAUS 2651 (2018) (11) ITAT Important Case Laws Cited/relied upon: Tirupati Construction Company 55 taxmann.com 308 (2015 …

Reopening of assessment which is completed u/s 143(1) not sustainable without there being any tangible material coming to the knowledge of AO – ITAT ABCAUS Case Law Citation: ABCAUS 2650 (2018) (11) ITAT Important Case Laws Cited/relied upon: Orient Craft Ltd 354 ITR 536 (Delhi), The assessee’s appeal …

Mentioning “decentralization of cases” not sufficient Reason for transfer of cases u/s 127 –Supreme Court dismissed SLP of Income Tax Department ABCAUS Case Law Citation: ABCAUS 2649 (2018) (11) SC The Hon’ble Supreme Court has dismissed the Special Leave Petition ( SLP ) of the Income Tax Department …

Appearance in CA Misconduct investigations through video conferencing allowed. Amendment to Rules prescribing procedure of investigations MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 29th October, 2018 G.S.R. 1072(E).—In exercise of the powers conferred by clauses (c) and (d) of sub-section (2) of section 29A read with sub-section …

When assessee invested entire capital gain in purchasing land to construct residential house, there cannot be any denial of exemption u/s 54 – ITAT ABCAUS Case Law Citation: ABCAUS 2647 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT v. Sardarmal Kothari (2008) 302 ITR 286 Mrs. Seetha …

Mere making a claim for set off of losses not furnishing inaccurate particulars of income as it was  personal opinion with regard to income-tax – ITAT ABCAUS Case Law Citation: ABCAUS 2646 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT Vs. Reliance Petroproducts (P) Ltd. (2010) 322 …