No addition can be sustained specially if appellant has fully explained the sources of each and every deposits made in his bank accounts and substantiated it with the documentary evidences.
Without any material to substantiate that assessee has not committed any violation of section 269SS of the Act, Penalty U/s 271D cannot be deleted
CIT(A) deleted the addition made by the AO without calling for the remand report of the AO- ITAT remanded back the case to AO
Presumptive scheme of taxation for earlier years & Additions on the ground of bogus sundry creditors during assessment
Revenue cannot in unilateral proceedings disallow expenditure U/s 143(1) without affording an opportunity to the assessee
Money don’t have colour- Capital Gain exemption available even if the house is purchased with borrowed fund
Post audit of GST refund will be conducted for all GST refund claims amounting to INR 1.00 lakhs or more by the “Post- Audit Cell” – Instructions issued by CBIC
Refusing to condone delay can result in a meritorious matter being thrown out at the very threshold and cause of justice would be defeated
Whether penalty imposed u/s 271D is rightly upheld where assessee is unable to establish that provisions of Section 269SS were not contravened – YES: ITAT
Widening of the scope of the Tax Audit Report by Cause No. 44 of the Form No. 3CD: The Terrible Time Consuming Exercise ahead
