Reference made by the AO to Department Valuation Officer is not good in law: If the value of the asset disclosed by the assessee is more than the Fair market value.
Explanation 5A to Section 271(1)(c) shall not be applicable: If return of income is filed before due date ,at time of search for relevant previous year under appeal,
Disallowance of Sales promotion expenses is justified where the assessee fails to prove the genuineness of expense.
Perfect complain of FM with PM by UP Tax Bar Association getting Appreciation from all in the Country
No tax is leviable on sale of rural agricultural land, even if no proof of whether any agricultural activity is carried on that agricultural land.