Any person can not be treated as principal officer without forming his connection with management & administration of Co.
Interesting Case: Insurance premium paid for the family member of employee is a deductible expenditure – Delhi ITAT
Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted
Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as it was put to use.
Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct
Summary of Changes in GSTR-9 and GSTR-9C as implemented by CBIC Notification No. 56/2019–Central Tax Dated 14.11.2019
Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C
Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company