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
