If the AO has not recorded any satisfaction, is the levy of penalty valid?
S. 271(1)(c) penalty: If the AO has not recorded any satisfaction in absolute terms whether the assessee has concealed particulars…
IT Judgement
CIT should devote more time to their work rather than attending some administrative meetings
CIT should devote more time to their work rather than attending some administrative meetings PCIT vs. Radan Multimedia Ltd (Bombay…
Business disallowance under section 40(a)(ia)–cannot be done if their is a Short deduction of TDS
Business disallowance under section 40(a)(ia)–cannot be done if their is a Short deduction of TDS Where there was any shortfall…
Head of income–Business income or income from other sources–Rental income from flat
Where rental income was received by assessee as owner of flat same was to be assessed under head income from…
Search and seizure–Assumption of jurisdiction under section 153A–No incriminating material found
Search and seizure–Assumption of jurisdiction under section 153A–No incriminating material found Since no assessment was pending on the date of…
No penalty just because exp. claimed by assessee wasn’t accepted by revenue: Apex Court, dismissed
No penalty just because exp. claimed by assessee wasn’t accepted by revenue; SC dismissed [2018] 97 taxmann.com 279 (SC) SUPREME COURT OF…
Whether TDS is leviable on tips paid to waiter considering it as salary?
Whether TDS is leviable on tips paid to waiter considering it as salary? Supreme Court in case of Itc Limited…
Whether TDS is leviable on discount?
Whether TDS is leviable on discount? Issue Whether TDS is leviable on discount? If yes than under which section? One…
Depreciation: Once an asset forms part of block of assets, it loses its individual identity
Once an asset forms part of block of assets, it loses its individual identity and further, there is no requirement…
Non-issuance of notice under section 143(2) will make entire procedure adopted for escaped assessment invalid
Where AO had framed the reassessment under section 148 without issuing notice under section 143(2), the reassessment order was invalid…
Validity of Disallowance u/s 43B towards Overdue interest converted into loan, whether to be construed as constructive/deemed payment of interest
Where assessee had converted overdue interest into loan and claimed the unpaid interest as deduction stating that the said conversion…
Filing of return with wrong jurisdiction could not be considered for deciding validity of Reopening.
AO at the time of initiation of proceedings under section 148. AO has to form the belief on the basis…
Offences and prosecution & Importance of Principal Officer & Non-executive director
Where revenue could not prove that assessee was involved in day-to-day management of the company, the assessee cannot be presented…
Validity of Income from undisclosed sources in respect of Addition u/s 68 with respect to sundry creditors without disturbing purchases
Where AO had made addition under section 68 on account of sundry creditors on the allegation that the same were…
Reference made by the AO to Department Valuation Officer is not good in law: If the value of the asset disclosed by the assessee is more than the Fair market value.
Reference made by the AO to Department Valuation Officer is not good in law: If the value of the asset…
Explanation 5A to Section 271(1)(c) shall not be applicable: If return of income is filed before due date ,at time of search for relevant previous year under appeal,
Explanation 5A to Section 271(1)(c) shall not be applicable: If return of income is filed before due date ,at time…
Neither cost nor the date of acquisition is ascertainable: Computation of Capital Gain.
Neither cost nor the date of acquisition is ascertainable: Computation of Capital Gain. In the case of Commissioner Of Income…
Disallowance of Sales promotion expenses is justified where the assessee fails to prove the genuineness of expense.
Disallowance of Sales promotion expenses is justified where the assessee fails to prove the genuineness of expense. BINOD KUMAR…
