Presumptive Taxation Under Section 44AD Saves Taxpayer from Bogus Billing Allegation: ITAT Deletes Additions Under Sections 68 and 69C
No Quantum, No Penalty: ITAT Holds Section 271(1)(c) Penalty Cannot Survive When Assessment Is Sent Back for Fresh Adjudication
Income Tax Department to Challenge Bombay High Court’s Trust Registration Ruling: What It Means for Charitable Trusts
No Satisfaction, No Penalty: ITAT Deletes Section 271D Penalty Despite Alleged Cash Transaction Violation
No Return Filed, Yet ITAT Grants Relief: Principle of Consistency Defeats Revenue’s Bid to Tax Entire Bank Deposits