Whether the non-reflection of TDS in Form 26AS disentitles the assessee from claiming credit of TDS under the Income Tax Act?
Whether penalty proceedings under Section 271(1)(c) can be initiated and sustained against a HUF which is dissolved before the initiation of such proceedings?
Non-compliance of Section 133(6) notice by the lender alone could not be a basis for treating the loan as non-genuine
Capital Gains Account Scheme: Confusion & Clarification (II) – Bureaucracy, Bewilderment & the Battle for Tax Exemption
ITAT grants Section 11 relief by holding that amendment is prospective and not punitive as Onerous compliance not to apply backwards
Imposition of penalty merely on technical mistake committed by the assessee without any loss of revenue would not be sustainable.
Cash deposit during Demonetization: ITAT deletes the addition as a trail of cash flow established the source of the deposits.
Any debatable issues should be assessed under scrutiny assessment under section 143(3) & not through summary processing under Section 143(1)(a)
Capital Gain Exemption: Separate floors of a singular house are not required to be considered as multiple residential houses
Reopening under section 148 & not under section 153C is bad in law if it is based on incriminating materials, documents, electronic data seized from a third party, or statements recorded during the investigation
