CIT(A) order set aside as lack of evidence not communicated and opportunity to make good deficiencies not given In the…
Even a single transaction may constitute business as defined in section 2(13) of the Income Tax Act ABCAUS Case Law…
No provision exists for disallowance of expenditure in the interest of Revenue and to avoid the leakage of revenue -…
Inability to produce evidence by Legal representative of assessee alone should not be a basis to decide allowability of expenses. …
Disallowance of entire expenditure on school running was arbitrary and unreasonable. AO was directed to estimate income @20% of gross…
In a recent judgment, Amritsar has held that issue of availability of self owned interest free funds for making disallowance u/s…