#section 132
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1,406 articlesIncome Tax
Income Tax
Addition towards bogus purchases unsustainable if bogus purchases shows higher gross profit than regular
Income Tax
Income Tax
Penalty u/s 271(1)(c) towards addition not made voluntary is justified
Income Tax
Income Tax
Penalty u/s. 271(1)(c) not leviable as change in method of accounting not concealment
Income Tax
Income Tax
Addition merely based on statement u/s 132(4) without collaborative evidence is unsustainable
Income Tax
Income Tax
In absence of source of cash loans, provisions of section 269SS/ 269T not applicable
Income Tax
Income Tax
Reasoned outcome based on analysis of material prevails when two contradictory outcomes are delivered
Income Tax
Income Tax
Deeming fiction of section 50C doesn’t apply in case of purchaser
Income Tax
Income Tax
Gift to persons who work for company is allowable as business expenditure
Income Tax
Income Tax
Case can be transferred from Jurisdictional AO to Central Circle u/s 127
Service Tax
Service Tax
Rejection of SVLDR Scheme because of unreasonable errors is unsustainable
Income Tax
Income Tax
Addition u/s 68 unsustainable as no incriminating material found during search
Income Tax
Income Tax
Penalty u/s 271(1)(b) not imposable as reasonable cause shown
Income Tax
Income Tax
Rectification application dismissed in absence of substantial or collateral proceedings pending before AO
Income Tax
Income Tax
