An invalid or illegal assessment order cannot be revised under the provision of section 263 In a recent judgment, Hon'ble…
CIT can not assume revisionary powers u/s 263 for issues not forming part of limited scrutiny assessment. In a recent…
Non allocation of common expenses for deduction u/s 80IA – ITAT quashed revision order Non allocation of common expenses to…
Unless and until the order of ITAT is reversed by High Court, the same has to be given due effect…
Director’s remuneration allocation in ratio of turnover upheld for deduction u/s 80IA as director’s involvement was minimal In a recent…
Revision order u/s 263 upheld as substantial amount of cash was deposited in the bank accounts of all the investors…
Notices u/s 133(6) not enough for verification of loan transactions from shell companies. AO ought to have done further inquiry…
Income earned from property if business income or income from house property primarily depends upon the objects / main business…
Assessment order has to be read as it is and there is no scope for drawing any inference or reading…
Simply holding that AO was required to make more enquires is not a valid ground to hold assessment order as…