While reopening the case U/S 148, the AO must be subjectively satisfied that income which was taxable has in fact escaped assessment: Delhi HC
Ex-parte order was passed by NFAC in case of an Illitrate and agriculturist Assessee quashed & restored back to AO in light of principles of natural justice.
Rental income received from letting out of building along with furniture, fixtures, etc., would be taxable under the head ‘Income from other sources’
Export of shrimps in individual printed/plain pouches upto 25 Kgs being ‘Pre-packaged and Labelled’, liable to GST: AAR Tamilnadu
Expenses incurred towards interior decoration work of rented office premises is allowable as Revenue Expenditure: Kolkata ITAT
The amount received by the employee as a one – time voluntary payment in lieu of ESOPs of foreign parent of the employer do not form part of salary under Section 17
Taxpayers can’t be penalized for failure to get its Book of Accounts audited if there exists reasonable cause for such failure: Jaipur ITAT