purchase price declared by assessee vis-a-vis Jantri Value

Recent Posts

• Any authorization issued by an authority lacking such jurisdiction would be liable to be quashed as ultra vires: Raipur ITAT
• The words ‘and also’ in section 147 cannot be read as being an alternative: Delhi HC
• Rectification orders U/s 154 not legally permissible if the issue is debatable and not a mistake apparent from the record.
• GST: Refund can’t be held back on Commissioner’s opinion alone, Twin Conditions Must Be Satisfied:
• Demonetization Cash Deposits: ITAT Mumbai deleted addition as the books of account was not rejected.
• CBIC Instruction for Grievance Redressal Mechanism for GST Registration: A welcome move
• Expenses not represented by way of Assets – Assessment quashed by Delhi HC as barred by limitation
• No penalty under Section 272A(1)(d) when Assessment Completed u/s 143(3): ITAT Cochin
• Reopening & Reassessment on the same grounds already examined under Section 147 is quashed by Delhi HC
• Accepting Adatiya’s Business Proof – ITAT Jaipure deleted addition of Rs. 8.60 Cr