Judgment with a Difference : Disallowance @ 30% of expenditure u/s Sec. 40(a)(ia) towards TDS default is retrospective in Nature
Beneficial Judgment : Assessee eligible to claim sec. 54F exemption if new house is purchased up to due date of filing of belated ITR.
Landmark Ruling : No GST registration required for commission agent supplying exempted agricultural produce at a commission
Validity of penalty for Non-compliance of notice issued under section 142(1)/143(2) if Notices sent to old address of assessee-company
Validity of Addition made pursuant to search operation on the same subject matter, which was examined during original assessment
No Tax deduction at source under section 195 towards Fees for technical services if No technical knowledge made available by the supplier of services
System driven E-Assessment scheme to make 360 degree change in the working of Income Tax Department (II)
Addition towards on money in the property transactions without an opportunity of cross examination is a serious flaw and will render order as nullity
If depreciation is allowed on any assets in earlier year then AO cannot reject the claim of the assessee in the subsequent year on the WDV carried forward from the earlier assessment year.
