Assessment can be Invalidated if AO adjudicated assessment on non-CASS issues without prior written approval from Administrative CIT
Interesting Issue: Clubbing of income Vs. Loss in F&O business incurred by wife out of the amount gifted by Husband
Banking Business & Deduction under section 80P(2)(a)(i) to Credit co-operative society accepting deposits from members {Applicability of section 80P(4)}
Admissibility of deduction towards Interest on capital borrowed if Interest free loans are given to related party & Assessee have interest free funds available with it
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of section 10(23C)(iiiad)
Capital gain taxable in the year in which the period of 3 years from the date of transfer of the original asset expires
Validity of addition under section 68 if Assessee did not produce income-tax return of the lender or any confirmation
Validity of addition on account of under valuation of closing stock of Yarn if none of the authorities have given direction to revise the value of the opening stock of the subsequent year
Provisions of section 139(4A) makes a reference only to provisions of sections 11 and 12 and not to provisions of section 10(23C)(iiiad)
Addition of retention money & disallowance of the TDS credit claimed in respect of the retention money
