Exemption u/s 54F can not be denied merely making wife & son as co-owners of property In a recent judgment,…
Non-payment cannot be a ground for disallowing the claim of sub-contract expenses - ITAT In a recent judgment, the ITAT…
Merely because no addition is made, assessment cannot be held as erroneous or prejudicial - ITAT In a recent judgment,…
A consistent view taken by AO can’t be held erroneous and prejudicial to interest of revenue - ITAT In a…
If no addition made in reassessment proceedings on issues as per reasons recorded, AO should drop proceedings instead of passing…
AO cannot be presumed to adopted or chosen a course permissible in law when his order does not speak in…
Net Profit rate of 8% not applicable for audit case. Net Profit rate of 6% is reasonable for business of…
Pr. CIT u/s 263 empowered to review orders passed by JCIT as Section 263 is inclusive one In a recent…
Deduction u/s 54F despite assessee owning more than two house properties made order erroneous and prejudicial - ITAT In a…
Period of limitation for passing Revisionary order u/s 263 to be reckoned from the date of the original assessment order…