Expenses incurred after setting up of business but before the commencement of business are deductible as revenue expenses.
Action for TCS default can be taken within a reasonable period only even if no limitation period is prescribed under the Act
Addition can not be deleted on ground that assessee used to show higher stock to avail high cash credit limit from bank
Completed assessment could not be interfered with while framing assessment under section 153A in the absence of incriminating material discovered during search.
Applicability of GST on Profit Sharing Agreement between applicant as an employee and the shareholder
Inter-trust donation by one charitable trust to another for utilization by the donee trust towards charitable objects is proper application of income for charitable purpose
Merely because a debt has not been repaid for over 3 years would not automatically imply cessation of liability. Limitation period may not be relevant for taxation under the IncomeTax Act.
Demonetization special: Validity of submission that high denomination notes were savings from his personal allowance,
Demonetization special: Addition upheld as the conduct of the assessee was wholly non-cooperative before the AO
Where having regard to human probabilities and normal course of human conduct, explanation furnished by assessee as regards cash deposits in his bank account was not wholesome and verifiable, AO was justified in making addition under section 68
Demonetization special cases: Assessee is not required to prove the source of receipt of high denomination notes
