Addition u/s 68 is justified where the assessee fails to furnish any evidence regarding identity and source of cash credits
CIT (A) & Tribunal can allow deduction towards additional claim even if assessee fails to claim deduction in its return
Educational society not eligible for the benefit u/s 10(23C)(iiiad) when the income generated from running schools flows directly into a commercial entity on the basis of a profit sharing arrangement
Acquiring flat from builder where construction to be done in phased manner is case of “purchase” for sec. 54F relief
HC condoned delay in filing ITR as it was filed belatedly due to delay in pronouncement of ruling by AAR
Validity of order when AO had completed the assessment in the name of a company which had merged and was not in existence on the date the assessment order was passed
Commencement of construction of new residential house before transfer of original asset & validity of capital gain exemption
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.
