Non-payment cannot be a ground for disallowing the claim of sub-contract expenses - ITAT In a recent judgment, the ITAT…
Penalty u/s 271B not leviable as assessee was under bona fide belief that he was not subject to tax audit…
Agricultural income can not be doubted merely for not paying agricultural cess to Krishi Upaj Mandi - ITAT In a…
There is no provision under Income-tax law for making ad-hoc disallowance of sundry creditors – ITAT In a recent judgment,…
Notices u/s 133(6) not enough for verification of loan transactions from shell companies. AO ought to have done further inquiry…
Non-response by payee to statutory notice u/s 133(6) directly issued by AO, is not within reach and control of assessee…
Addition u/s 68 for cash deposit prior to issue of cheque by lender deleted as deposit was out of cash…
Treating expenses bogus without appreciating replies received u/s 133(6) unfair. AO always expected to examine replies of the recipients of…
Non response to unauthorised enquiry letter issued without approval not constitute material forming belief of escapement of income u/s 147…
Addition u/s 68 for differences in outstanding balances not confirmed by parties cannot be made without doubting identity, creditworthiness and…