Validity of Reassessment notice u/s 148 on the basis of Investigation report revealing non-disclosure of capital gain on sale of shares
Whether immunity from TDS u/s 194C against PAN & ownership declaration in Form No. 15J is applicable on payment by transport contractors only or applicable even on payment by other persons?
Complete Case of Agson Global Pvt. Ltd Vs. ACIT (Delhi ITAT) which deleted additions of cashdeposits during demonetisation
Taxing authorities are entitled to look into the surrounding circumstances to find out the reality and the matter has to be considered by applying the test of human probabilities – SC in Sumati Dayal vs Commissioner Of Income-Tax 214TR 801 (SC).
Theory of Human Probability as laid down in Commissioner Of Income-Tax, West vs Durga Prasad (1971) 82 ITR 540 (SC)
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹ 10,000/- with loading only from bank account
Addition under section 68 is not sustainable if there is a clear lack of inquiry on the part of AO: ITAT Delhi