Interest earned on damages awarded through a decree of a court is a revenue receipt chargeable to tax in India while damages itself will not be chargeable.
CBDT Circular enhancing the monetary thresholds for filing appeals by the Department against orders passed in favor of the Assessee
Exemption u/s. 10(38) disallowed as sale of share was an affair to convert unaccounted money: ITAT Ahmedabad
Valuation report by the DVO alone cannot form a basis for reopening of completed assessment: Delhi HC