Individual/ HUF are required to do TDS U/s 194B towards winning from games of any sort even if the business is newly started
Validity of Penalty under section 271AAB towards Undisclosed investment found during search operation as there was no column in return to disclose the investment Inbox x
Revenue could not avoid processing of return under section 143(1) & granting of refund to assessee on ground that notice under section 143(2) had been issued to Assessee
Where assessee had submitted complete books of accounts with bills and vouchers at time of completion of assessment under section 143(3), reopening of assessment denying benefit of section 11 on basis of change of opinion was not justified
Relief u/s 54 i.e Exemption out of ‘LTCG’ earned on sale of Residential House Property can be claimed by the Assessee father where new Residential House property was purchased in the name of Son within the time allowed u/s 54 : Case Well Argued by CA. M.R. Sahu
Addition under section 68 if Revised return of income filed to reduce agricultural income & failure to prove large agricultural income
