Addition towards cash deposits during demonetization deleted by ITAT as it was adequately explained based on the facts and nature of the business
Stamp duty valuation under Section 50C or 43CA cannot be substituted & only the actual sale consideration should be reduced from WDV for depreciation purposes
The failure to issue a show cause notice constituted a significant procedural defect – Assessment Order quashed by Bombay HC
Assessing Officer is not required to examine the commercial expediency of the transaction while evaluating the explanation U/S 68: Delhi HC
TDS credit should be given in the year it is deducted, regardless of the year the income is assessed: Ahmedabad ITAT
No revision u/s 263 if assessment order is neither erroneous nor prejudicial to the interest of revenue
Penalty of Rs. 4 Lakh imposed by ROC, Jaipu merely because the date of the board meeting was wrongly mentioned in the board report
CBDT’s Circular granting the relief if there is a delay in filing of Form 10-IC or Form 10-ID to avail concessional tax regime (CTR) under Sections 115BAA and 115BAB
Whether assessments could be conducted against a merged entity/ non existent entity in light of the Religare case?
If a deceased person has been brought on record as legal heir then mentioning the PAN of the deceased person in the ‘Order’ will render the Order nullity.
If conditions for reopening of the assessment under Section 153C is not satisfied, recourse to Section 147 is not precluded: Delhi HC
