Tax authorities not bound with provisions of section 44AE of the Act once assessee waived the option available In a…
Applicability of provisions of Section 115BBE read with Section 69, 69A and 69C in a case arising before Settlement Commission…
ITAT directed AO to serve notice of hearing both through electronic and physical mode upon the assessee In a recent…
It is not open for CIT(A) to introduce a new source of income. ITAT deleted addition made section 69A changing…
Income returned under other sources can not be recharacterised as income u/s 69A and subjected to higher tax u/s 15BBE…
Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application…
Diamond jewellery is always studded with gold and loose diamonds were found during search operation, ITAT deleted addition u/s 69A …
To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the…
Income Tax Act provides complete machinery for assessment/reassessment of tax, assessee is not permitted to abandon that machinery and invoke…
When there is no other/separate source of income identified during the course of survey or during the course of assessment…