Taxability in the hands of recipient for receiving any sum of money or property without or inadequate consideration.
Where assessee had not closed its business permanently, depreciation could not be denied on account of closure of business
No TDS done on the audit fees provision for the reason that it is payable only after the signing of the report- Whether disallowable u/s 40(a)(ia) ?
Whether additions under section 68 towards unexplained cash credit and 69 towards unexplained investments of Income Tax Act 1961 can be deleted if assessee gives proper explanation and produce evidence of transaction?