Deduction u/s 80P cannot be denied for the reason that the assessee did not file return of income its return of income within due date u/s 139(1)
Unsigned, Undated, non-elaborative sheet cannot be the basis of the addition: Mumbai ITAT in the case of Saif Ali Khan
Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A has no evidentiary value: ITAT Kolkata
Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT
Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand
Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling about the charge against the assessee
Purchase by assessee could not be treated as bogus if Assessing Officer did not dispute corresponding sales transactions
If the assessee has maintained regular books of accounts, bills, vouchers and day to day stock register having complete quantitative details, addition U/s 68 is not proper.
