Bogus LTCG: Jump in the share price of a company of unknown credentials cannot be an accident or windfall but is possible because of manipulations in a pre-planned manner by interested broker and entry operators
Failure to abide by notices u/s 142(1) also constitute offence, distinct from the offence that had been earlier committed by virtue of breach of Section 139 (1).
No penalty if addition done to the returned income due to non availability of address of creditors: Ahnmedabad ITAT
Supreme court on delay in deposit of TDS & Proseuction proceeding in Madhumilan Syntex Ltd. & Ors vs Union Of India
If department wants to tax an assessee in a particular year then it should first ascertain the method of accounting followed by the assessee in the past: Supreme Court
Service tax though debited to the profit and loss account but not credited to the Central Government cannot be disallowed under Section 43B of the Income Tax Act, 1961?
