No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC
Interest received either on delayed compensation enhanced compensation is chargeable as “income from other sources”
Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.
ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1612/Del/2021