Cash deposit in bank account cannot be shifted from a live person to a deceased assessee just because he was…
Ex parte best judgment assessment remanded as the assessee was a defunct company which ceased to function and therefore could…
Where ITR is processed u/s 143(1) AO can form reasons to believe that income has escaped assessment by examining the…
Penalty u/s 271(1)(b) can not be imposed when assessment order passed u/s 143(3) not best judgment assessment u/s 144 ABCAUS…
Partners remuneration / interest on capital allowable from estimated profit. ITAT allows deductions following decision of Jurisdictional High Court ABCAUS…
Even in best judgment assessment, AO is required to look into surrounding circumstances, nature of expenditure claimed by other assessees…
Disallowance u/s 184(5) not have cause and effect relationship with assessment being framed under section 144 – ITAT upheld additions…
The assessee was not prejudiced when AO disallowed only 10% of expenses instead of rejecting the books u/s 145 and…
Partners Salary and interest not disallowable when assessment u/s 143 is made in the manner laid down u/s 144 by…
Revision u/s 263 not justified in case of best judgment assessment u/s 144 for non co-operation by assessee INCOME TAX…