Landmark Judgment: The adoption of stamp valuation as the sale consideration is not justified in absence of any evidence that the sale consideration was more than the value shown in the agreement.
Powers given to the Income-tax Officer however wide, do not entitle him to base the assessment on pure guess without reference to any evidence or material: Supreme Court
Income Tax Authorities cannot adjust the refunds due to taxpayers against outstanding demands in excess of the limits laid down in instructions, circulars and guidelines issued by CBDT
Appointment of dependent family members of Income Tax officers / officials under the existing Compassionate Appointment Scheme
An open court system is a must and cannot be done away with – Supreme Court. No more Faceless ITAT Appeal in days to come?
Higher electricity consumption & Validity of addition done by estimating suppressed production: An Interesting case before Pune ITAT