Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee…
Order held erroneous but not prejudicial despite depreciation allowed at higher rate because there was no taxable income on account…
Interest received u/s 28 of Land Acquisition Act on enhanced compensation exempt from tax - ITAT In a recent judgment,…
Once a method of recognizing revenue accepted by revenue in earlier and later years, same cannot be disturbed for the…
Revision u/s 263 in the name of dead person illegal. Supreme Court dismisses SLP of Income Tax Department ABCAUS Case…
No revision u/s 263 can be done on debatable Issue on applicability of provision of Section 115BBE of the Act…
In revision proceedings CIT cannot travel beyond the reasons given in the show-cause notice u/s 263 – Supreme Court dismisses…
Revision u/s 263 was justified due to contradictory stand of assessee on credit card cash payments was left out of…
Margin of profits in Arhat business is not strictly comparable with previous years unlike other business ventures. It depends upon…
Non verification of source of investment made in mutual funds rendered assessment order erroneous and prejudicial to the interest of…