section 97

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• CIT(A) has the power and discretion to accept the revised figures during appellate proceedings
• Principle of Consistency: ITAT directed to tax income from license fees as “Income from House Property”
• Improper assumption of jurisdiction without a proper transfer order u/s 127: ITAT Delhi quashed the Assessment Order
• Expenses crystallized during the relevant year is not prior-period expenses
• Reassessment is invalid as PCIT approval is mechanical and on vague Reasons: ITAT Kolkata
• Deduction towards CSR Expenditure for scientific research allowed U/s 35 as it is covered by Section 35 which is independent and are not overridden by Explanation 2.
• Income Tax Refund: Refund Principles of natural justice and fair play should be followed- Bombay HC
• Cash is No Longer King: How the Income-Tax Act is making you Digital
• Loose papers cannot be considered as admissible evidence for making an addition unless backed by independent corroborative material.
• GST Officers must confine their authority to seizure of goods and cannot seize cash or bullion solely based on suspicion of it being undisclosed income: SC