Deduction u/s 80IB(10)-Land ownership not a condition precedent for developing the housing project and claiming the deduction. ITAT ABCAUS Case Law…
Club Membership allowed partly as business expenses Contacts developed through clubs also brings new clients and professional opportunity. 1/3rd of…
Penalty 2711b-Non compliance due to September Finalisation September being the month for finalization of accounts, the assessee’s explanation that there was…
Addition cannot be made solely on the basis of AIR information especially when the assessee denies the reported transactions and the…
Peak credit theory do not apply to cash deposits made at outstation stations/cities when cash withdrawal were made at one…
Limitation us 275 imposing penalty starts from the date of initiation by the Assessing Officer though it is imposable by…
Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid…
Deduction 80IB(7)(b) Rule 18BBC certificate by Regional Director instead Director General of Tourism valid as in Government Departments powers are…
Depreciation disallowed when entire asset block not put to use during the year. The Claim that asset once entered block,…
Penalty 271E-Cash repayment of FDR by Bank for violation u/s 269T deleted The penal provisions are to curb black money…