Non searched persons liable to pay interest on late filing of return u/s 158BC even in absence of a notice…
Jewellery can not be held unexplained simply because weight of Gold coins was not stated in the Will and only…
Addition u/s 68 for unsecured loans/share capital on account of amalgamation as per High Court order deleted as no sum…
Data retrieved from Pen-drive and admission by vendors though may have a persuasive value no substantive evidentiary value to make…
CBDT Circular though meant for non-seizure of jewellery takes into account quantity of jewellery generally held by family members of…
Addition made on the basis of cancelled money receipt found during search quashed as its contents was not confronted with…
Addition for jewellery found in search deleted as net weight found in search was lower than jewellery found during earlier…
Income Tax Department conducts searches in Bhopal Government of India Department of Revenue Ministry of Finance Central Board of Direct…
Income Tax Department conducts search on premises of Chinese entities As per a Press Release issued by Finance Ministry, the…
No Penalty u/s 271AAB unless undisclosed income found from seized material. Disclosure made in statement u/s 132(4) not sufficient to…