Validity of Reassessment if issue is not examined in original assessment : No recourse available to revenue to have a second innings
Trust engaged in management of liquid and solid wastes in Industrial area is eligible for exemption under Section 11
Society constituted to promote handloom sector by organising exhibitions eligible for Sec. 11 exemption: ITAT
Payment made towards sub-contracting of work & Business disallowance under section 40A(2)(b) on the ground of being excessive or unreasonable
Notice issued at a wrong address cannot be said to be a valid service of notice & assessment made on basis of such invalid notice deserved to be set aside.
Transfer of property under family settlement considering the fact that the word ‘natural love and affection’ have not been specified in section 56(2)(viib).
Validity of Addition under section 69 if Cash is deposited in assessee’s bank account out of the Sale of property of the father
Cash payment in excess of the limits specified in Section 40A(3) vis a vis commercial expediency and proof of identity