GST: No adverse inference can be drawn against the purchasing dealer merely because the supplier’s registration was cancelled later
Interest received in respect of delayed payment of compensation to be treated as accruals to the principal compensation amount
Scheme of Section 144B only requires service of a draft assessment order along with the SCN in case of eligible Assessee
Transfer of Depreciable Assets: Tax rate prescribed U/s 112 is applicable even if it is deemed to be taxed as short-term capital gains U/s 50.
An incorrect assumption of facts makes the entire reopening process legally untenable: ITAT Deharaudun
ITAT directed CIT (E) for giving Permanent Registration as procedural non-compliance with state law doesn’t automatically imply non-genuineness of charitable activity.
Sales recorded in books of account, even if alleged to be in genuine, do not result in income escaping assessment: Delhi HC
No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi
