Validity of Assessment if requirement of issuance of notice within prescribed time under section 143(2) is not adhered
Alleged undisclosed turnover not to be considered while determining prescribed limit of audit under section 44AB
Section 14A can be invoked only if assessee seeks to square off the expenditure against the income which does not form the part of the total income
No addition undersection 69C can be sustained if it is on the basis of statement of 3rdparty without granting opportunity of cross-examination to assessee.
Burden of proof that the high denomination notes encashed on their demonetization constituted suppressed income of assessee, is on the Department
Appeal in respect of Bogus LTCG not to be withdrawan even if it is within the specified Monetary limit : CBDT
Demonetization special: No addition warranted when assessee submitted books of account showing relevant entries of payment being made to them which resulted in cash in its books and also submitted affidavits of payers,
No addition for cash deposit permissible if assessee has maintained regular cash book, all its account are audited & explained the cash deposits in the bank with cash book
