Penalty imposed u/s 271(1)(c) cannot survive where the impugned quantum additions u/s 40 (a)(ia) have been deleted by the appellate authority.
Deduction under section 80IB(10) be allowed : If the assessee succeeds in proving that capital asset was converted into stock-in-trade, before entering into JDA
Addition u/s 68 cannot be made where the assessee satisfactorily explain genuineness of the transaction and creditworthiness of the parties.
Gujarat High Court quashed reopening of assessment on the allegation of cash deposit in Bank account post demonetisation
Innovative – Commissioner of UPGST has issued notification to make it compulsory for transporters to obtain a RFID badge before transportation of Goods
