Rationalisations of provisions relating to maintenance, keeping and furnishing of information and documents by certain persons u/s 92D.
Not full amount, but only difference is liable for taxation on maturity proceeds of Life insurance premium if it is not exempt u/s 10(10D)
Validity of reopening of assessment merely on the basis of report of investigation wing without conducting further enquiry
At the stage of granting registration under section 12AA, stage of granting registration CIT(E) was not required to examine application of income
Be cautious : It is held that AO was right in denying interest & salary paid to partners as firm failed to comply with sec. 142(1) notice:
Section 276B invariably provides for Prosecution for delay in payment of TDS and prosecution in such case is confirmed by court