When Scholarships Become Business Expenditure: What Harish Salve’s Case Teaches About Modern Brand-Building Under Income Tax Law
ITC cannot be rejected merely on the ground that the supplier’s GST registration was cancelled with retrospective effect.
CA issuance of Form No. 15CB under the Income-Tax Act does not amount to abetment of money laundering.
Penny Stock Addition: Genuineness must be tested on human probabilities and surrounding circumstances, not mere documentation- ITAT Ahemedabad
No addition permissible on the basis of WhatsApp chats or screenshots as it lack evidentiary value without section 65B certification and corroboration: ITAT
Addition under section 68 was unjustified as the creditworthiness and genuineness could not be re-examined for a loan already accepted in prior years: ITAT
Employee granted TDS Credit as the employer after deducting the TDS failed to deposit with the Government Treasury
Entire property’s ALV cannot be taxed where only a part is let out; ALV must be proportionate to the let-out portions.