Validity of assessment if Revenue failed to consider claims made towards deduction/exemption by filing revised return
Eligibility of Deduction u/s 80P to Co-operative society engaged in providing Credit facilities to its members and general public
Where assessee made payments to contractor and filed Form No. 26Q for claiming benefit u/s 194C(6) though belatedly, there could be no disallowance under section 40(a)(ia)
Inter-Corporate Deposits (ICDs) are different from loans or advances and would not come under purview of ‘deemed dividend’ within meaning of section 2(22)
Landmark Judgment: Benefit u/s 11(2) cannot be denied just because Assessee has filed Form No. 10 belatedly- Madras HC
CIT(A) couldn’t rely on ruling of non-jurisdictional HC ifjurisdictional HC’s ruling was available on record
Even if not mandatory, why taxpayers with turnover not exceeding Rs. 2 Crore must file the Annual Return in GSTR- 9
Registration of car was in the name of the Assessee: Addition on account of Unexplained cash in bank account when it was submitted that it is Cash received on sale of car
Resale if rural agricultural land within a short period of time to the companies in which the assessee was a director is exempt or taxable – An issue with a difference
Interesting issue : One time Processing fees paid to bank & It’s allowsbility when it is capitalised in the books for accounting purpose but claimed as deduction for income tax purposes
GST : Power conferred upon the Assessing Authority under section 83 is very drastic, far-reaching power and that power has to be used sparingly and only on substantive weighty grounds and for valid reasons.
Assessee participated in proceedings – Not precluded from raising the issue of jurisdiction at appellate level
Validity of capital gain exemption under section 54F if at the time of agreement, residential property was not in existence
