Land sold by plotting held to be business income not capital gain as the sale was completed within a short…
Penalty u/s 271(1)(c) not imposable merely because quantum was decided against assessee by ITAT. The assessment proceedings and penalty proceedings are independent…
In a recent judgment, Amritsar has held that issue of availability of self owned interest free funds for making disallowance u/s…
ITAT Amritsar, in a recent judgment, has held that no conclusion of cessation of creditor's liability u/s 41(1) can be…
In a recent judgment, ITAT Amritsar has quashed penalty imposed u/s 271(1)(c) for non declaration of bank fixed deposit interest…
In a recent judgment, ITAT Amritsar has upheld that the mere AIR information that deposits were made in a bank account do…
In a recent judgment, ITAT, Amritsar has ruled that CIT(A) was right in taking the the highest amount of cash deposits…
In a recent judgment, ITAT Amritsar has endorsed that Premium of Keyman Insurance Policy (KIP) is an allowable business expenditure. Case…
ITAT Amritsar, in a recent judgment has held that shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor,…
In a recent judgment, ITAT, Amritsar has upheld the disallowance u/s 14A read with Rule 8D where major part of partners…