The issue was whether rejection of books and enhancement of gross profit were justified due to alleged non-compliance. The ...

Courts have ruled that transfer of leasehold rights is not a supply of services. The key takeaway is that such transactions ...

The Tribunal examined cash deposits made during the demonetisation period and accepted explanations relating to past savings ...

The Tribunal held that notice under Section 148 issued beyond three years is barred when alleged income escapement is below ...

The issue was whether deduction under section 80P could be allowed when the return was filed beyond the due date. The ...

The Tribunal held that once a closing cash balance is disclosed and accepted in a prior year’s scrutiny assessment, it cannot ...

The case examined rejection of registration without affording a proper opportunity of being heard. The Tribunal ruled that ...

The Court upheld the Tribunal’s view that interest cannot be levied when duty paid is fully creditable to downstream units.

The issue concerned treating business creditors as unexplained cash credits due to non-response to notices. The Tribunal held that corroborative balance sheets and ledger evidence warranted fresh ...

The issue was whether stamp duty value on the agreement date could replace the registration-date value for section 56 additions. The Tribunal remanded the matter for verification of the claimed ...

The Tribunal clarified that expenditure disallowances do not qualify as assets under section 149(1). Without asset-based escaped income, reopening beyond three years is barred. This offers strong ...

The Tribunal ruled that trusts engaged mainly in education, medical aid, and public welfare remain eligible for 80G. Minor worship-related elements do not alter charitable ...