Sec 43A is applicable only to foreign exchange fluctuations on loan taken to import capital assets: Bombay HC
1. Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of the AO without objection.
Deemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company to its shareholder
Which companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance?
Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under the ambit of legitimate tax planning and is a colourable device to evade tax: Mumbai ITAT
Once a substantive statutory remedy is available, it would not be appropriate for the Court to exercises its extraordinary jurisdiction to entertain this writ petition: Bombay HC
Issuing of a notice in the name of the correct person and not in the name of a dead person is sine qua none for acquiring the jurisdiction and initiating action under Section 148
Even if Assessee accepted demonetized notes even after 08/11/2016 and deposited them in bank, addition cannot be made: ITAT Pune