Retraction of statement by one individual does not nullify other direct and corroborative evidence obtained during Search
Absence of the VDIS certificate cannot be fatal to the assessee’s claim if credible alternate evidence is produced
Reassessment completed without issuance of notice U/s 143(2) Notice- Assessee’s participation doesn’t not validate the proceeding
Delay in appointment of Women Director – ROC imposed a penalty of Rs. 3.43 Lakh on the company and its Directors
Reopening U/s 147 is invalid if it is alleging bogus purchases where infact there was no purchases in the relevant year.
ITAT Mumbai Slams AO for Not Probing Real Culprits – Quashed Rs. 103 Cr Benami Addition on Auto-Rickshaw Driver
Bombay High Court struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and against CBDT Circulars.
Failure of a 3rd party in not responding to the summons would not lead to draw an adverse inference before AO
Can a tax authority levy tax on an amount declared as an income by the assessee, even if that amount isn’t legally taxable?