Addition out of opening capital/ cash balance – whether permissible by alleging the same as unexplained?
PROVISION FOR – leave encashment liability/ employee related payables or any other reasonably ascertainable liabilities – created by companies on the basis of AS-15/Acturial certificate etc.- whether allowable for tax purposes?
Whether when the assessee fails to establish the urgent nature of business necessities for taking loans from its Directors in cash, such transaction warrants levy of penalty u/s 271D – YES: ITAT
Income Tax – Prevalent market rate of rent is by itself no basis to reject actual rate of rent property: ITAT
Assessee entitled to deduction of the interest that was paid to the bonus on overdraft from Dividend Income?