Interesting case: HC sets aside National Anti Profiteering Authority (NAPA’s) order where all the members who had signed the order were not present for hearing
Landmark Judgment on validity of addition under section 68 on the ground that in response to summons under section 131 shareholder companies had not appeared for personal deposition.
Capital Gains & Computation of holding period, i.e., ‘date of allotment’ or “date of possession” – An Interesting Issue
No matter what, Purchases cannot be treated as Bogus if they are duly supported by bills and other evidences
Landmark Judgement by Supreme Court of the Country : No addition can be sustained if it is done purely on the basis if information received from Investigation Wing without giving an opportunity of cross examination to the Assessee
No Penalty for assessee’s failure to upload audit report electronically in Form No. 3CEB as the report was promptly made available in the assessment proceedings itself
The order of provisional attachment before the assessment order is made, may be justified if the assessing authority is of the opinion that it is necessary to protect the interest of revenue.
Capital Gain Tax & Relinquishment of right by assessee in favour of family members in bungalow jointly held by assessee
Validity of Addition to Income if Assessee failed to explain source of investment in purchase of property
