Issue before ITAT- Delhi: (a) Surplus of sale of mortgaged property is taxable or not and (b) whether it was a forced sale of mortgaged property to pay to the lender or the sale was at free will and whether any benefit actually accrued/ received by the assessee
Validity of aaddition based on third party statement recorded by Investigation Wing without opportunity of cross-examination afforded to assessee
Income-tax paid by assessee to foreign tax jurisdictions could not to be refunded to assessee by Indian tax authorities as a matter of course.
Rejection of application for revision of GST TRAN-1 FORM, without hearing arguments was unjustified: Allahabad HC
Not entire purchases but only the profit element embedded in the bogus purchases is to be disallowed.