Income Tax assessment order passed u/s 143(3) supports that party was not bogus, very much existed and carried out business…
Phenomenal LTCG in short period possible only through a colorable device – ITAT upheld taxing LTCG as income from undisclosed…
Debit entries should also be considered for cash credit entries u/s 68. Credit entries cannot be looked into isolation ignoring…
Reassessment held bad in law as assessee not given four weeks time to seek legal remedy after rejection of objections…
Addition for accommodation entries merely based on statement of investors and without controverting the documents furnished invalid-High Court Prelude: The…
CA acting as middleman arranging accommodation entries of share capital-premium through fictitious companies. Commission income estimated @ 1% upheld ABCAUS…
Addition us 68 for accommodation entries-don't shoot the messenger. Addition restricted to commission earned on accommodation entries-ITAT ABCAUS Case Law…
Reopening us 147 for accommodation entries quashed. AO did not describe how and what manner assessee received entries from operators…