ITO v. Prompt Toys (P.) Ltd. Decision: Partly in assessee’s favour. Income from undisclosed sources–Addition under section 69C– Bogus purchases–Genuineness of purchaser…
BY PTI ON 26/01/2018 Income Tax Department Unearths Tax Refund Fraud by IBM, Infosys Employees Employees of over 50 prominent and medium-sized companies…
CGDAS Humayun Suleman Merchant v. Chief CIT Decision: Against the assessee Capital gains–Deduction under section 54F — Failure to deposit unutilized consideration…