Charitable trust: Admissibility of excess expenditure of earlier year against income of future assessment year
Gift made by assessee-company to other corporate entities where AO alleged existence of family settlement and taxed market value of shares gifted as business income
Department cannot seize Trucks in S129 for the allegation of past Wrong movement of goods done by transporter.
Finance Bill’2021- Paradigm shift in the provisions relating to Income Tax Search and Seizure Assessments and Income Tax Settlement Commission