Revision order u/s 263 upheld as substantial amount of cash was deposited in the bank accounts of all the investors…
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…
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…
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…
Arbitration award paid by sale of property not cost of improvement – Supreme Court holds assessment order as erroneous and…
Revision u/s 263 to make additions substantively instead of protectively not sustainable - ITAT ABCAUS Case Law Citation ABCAUS 3631…
Assessee’s time cannot be taken for granted by Income Tax Department. Assessee can not be made to appear before the…