Books Rejected, Sales Recorded, Section 68 Invoked? ITAT Mumbai Draws a Clear Line in Demonetisation Cash Deposit Cases
Mumbai ITAT Strikes Down Section 68 Additions Based Solely on Entry Operator Statement: A Strong Reaffirmation of Law and Natural Justice
ROC Vijayawada penalized auditor for failing to qualify or comments or give opinion in the audit report
If AO didn’t dispute purchase, only the profit element of alleged non-genuine purchases can be brought to tax.
Allahabad High Court Protects Genuine Input Tax Credit: ITC Cannot Be Denied Merely Due to Subsequent Cancellation of Supplier’s GST Registration
Issuance of notice U/s 143(2) prior to supply of recorded reasons U/s 147 is fatal & may vitiate entire reassessment
Can a taxpayer claim exemption under both Section 54 and Section 54F by investing in a single new house?
Once, the issue has been decided by the Hon’ble High Court in favour of the assessee, on the same very issue assessment for the subsequent assessment years cannot be reopened
Reopening order quashed as it was on the erroneous assumption that no return of income was filed – whereas the return was duly on record.