Section 153C arises only upon timely recording of satisfaction. If this foundational step is delayed without justification, subsequent actions lose legal validity: Gujarat HC
Raipur ITAT on Penny Stock Addition: Not permissible mechanically without any direct evidence showing the assessee’s involvement in rigging or providing/receiving accommodation entries
To have rectification power of ITAT under section 254(2), an issue must be self-evident without need for elaborate argument or re-examination.
What is not taxable under section 5(2) cannot be brought to tax indirectly through a deeming fiction under section 69.
Applicability of Section 54F When Assessee Holds a Jointly-Owned Residential Property: Legal Analysis, Case Law, and ITAT Delhi Ruling in Kusum Sahgal v. ACIT
TCS on Motor Vehicles Above ₹10 Lakh: The Most Misunderstood Provision in Income Tax-And Why Even Second-Hand Dealers, Companies, Firms and Large Individuals Must Comply
ITAT Mumbai Deletes ₹10.84 Cr Addition Against Preity Zinta; Holds Loans Were Genuine, Not Unexplained Cash Credits
Whether the reclassification of business loss as speculation loss constitutes “under-reporting of income” for applicability of penalty under section 270A?
Whether recording of satisfaction in the assessment order is a pre-condition for initiation of penalty u/s 271DA for violation of Section 269ST?
TDS credit cannot be denied merely on the ground that the said deduction is not reflected in Form 26AS: Mumbai ITAT
