Where the reasons on the basis of which the reassessment proceedings were opened had been deleted; no other addition or disallowance on any other grounds, could be sustained
Income tax dept notifies form ITR-B for taxpayers on whom search, or requisition operation has been initiated
Deduction towards contingent liability allowed by AO: No revision U/s 263 permissible if AO had conducted proper inquiry and verification – ITAT Mumbai
Section 153D: Approval must be self-contained piece of evidence demonstrating that due process of law is followed in approving
Retraction of statement recorded during Income Tax Search Proceedings: An Overview of Legal Provision