Income TaxIf two views are possible and AO has adopted one view, CIT cannot presume that “it is prejudicial to the revenue”4 years agoIf two views are possible and AO has adopted one view, CIT cannot presume that “it is prejudicial to the revenue”…
IT JudgementValidity of revision under section 263 if no reference is made by AO to TPO as regards specified domestic transaction4 years agoValidity of revision under section 263 if no reference is made by AO to TPO as regards specified domestic transaction…
IT JudgementDeemed dividend under section 2(22)(e): Receipt of advance vis-a-vis no accumulated profit in case of lending company5 years agoDeemed dividend under section 2(22)(e): Receipt of advance vis-a-vis no accumulated profit in case of lending company Short Overview Since…
IT JudgementRevision under section 263– Erroneous and prejudicial order–AO made proper enquiry7 years agoOm Art Prints v. CIT Decision: In assessee’s favour./p> Revision under section 263–Erroneous and prejudicial order—AO made proper enquiry Facts: After…