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
Landmark Judgment: Scam has taken place in some penny stocks does not mean that all transactions in penny stocks can be regarded as bogus
Re: Companies opting for old taxation rate for availing MAT credit will get benefit of 4.08% only in tax
No denial of depreciation on trademark just because agreement on acquisition was entered into on post-dated stamp papers
Interesting Judgment : Capital Receipt is not Taxable and so Sum received as damages from tenant for unauthorized occupation of property is not liable to taxation.
Additions to income of assessee in respect of cash found during search at residential premises of his father-in – law who has accepted that cash is unjustified
