Tax authorities not bound with provisions of section 44AE of the Act once assessee waived the option available In a…
Cash deposit in bank account cannot be shifted from a live person to a deceased assessee just because he was…
Cash deposited in bank account during demonetisation period can not be taxed on technical ground when it was fully exempt…
High Court stays re-assessment proceedings as order u/s 148A(d) was passed ignoring objection of assessee. High Court stays re-assessment proceedings…
Mere higher cash deposits during demonization period does not make explanation of cash sales as bogus and unsustainable - ITAT…
There is no presumption that people having low income cannot have small saving In a recent judgment, ITAT has deleted…
When confirmation and affidavit admitting payments to assesse were filed then without examining persons giving affidavit and confirmation, the claim…
ITAT deleted addition for cash deposits in bank during demonetization period following CBDT Instruction that no addition to be made up…
Income Tax Act provides complete machinery for assessment/reassessment of tax, assessee is not permitted to abandon that machinery and invoke…
Benefit of cash deposit up to 2.50 lacs for demonetisation period not available separately for household earnings of non taxpayer…