#section 260A
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653 articlesIncome Tax

Income Tax
Retraction of voluntary disclosed income without giving evidence of coercion not permissible
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Income Tax
ITAT Order Set Aside for Granting Section 12A Registration Without Evidence of Charitable Activities
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Section 263 Revision Invalid as AO Conducted Proper Inquiry: Calcutta HC Upholds LTCG on Unlisted Shares
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Income Tax
Section 11(3) Addition Partly Upheld: ₹1.24 Cr (AY 1994-95) Survives; Earlier Accumulations Nil; Matter Remanded to CIT(A) – ITAT Hyderabad
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Karnataka HC Upholds TDS Demand on Foreign LTC as Section 10(5) Inapplicable
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Delhi High Court Grants Exemption Despite Incorrect Income Head in Return
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P&H HC Sustained Addition as Assessee Failed to Disprove Bank Stock Statements
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Income Tax
Compensation paid due to fluctuation loss is allowable business expense
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Calcutta HC Deleted Share Capital Addition as Assessee Proved Identity & Banking Trail
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Income Tax
Reassessment Solely on Audit Objection Invalid; Rule of Law Overrides Revenue Considerations: Delhi HC
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₹4.5 Cr for Loss of ‘ENO’ & ‘Fruit Salt’ Trademark is Capital Receipt: P&H HC
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Income Tax
SC Upholds No TCS under Section 206C(1C) on Illegal Mining Compounding Fees
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Income Tax
Compounding Fee Not Royalty: HC Quashes TCS Demand on Illegal Mining Fines
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Income Tax
