Mere Difference in Trade Creditor Closing Balance Cannot Justify Section 68 Addition When Purchases Are Accepted, Rules ITAT

Mere Difference in Trade Creditor Closing Balance Cannot Justify Section 68 Addition When Purchases Are Accepted, Rules ITAT The ITAT […]

ITAT Deletes Section 270A Penalty as AO Failed to Specify Charge of Misreporting under Income Tax Act

ITAT Deletes Section 270A Penalty as AO Failed to Specify Charge of Misreporting under Income Tax Act The Income Tax […]

ITAT Allows Mine Development Expenses as Revenue Expenditure Under Section 37

ITAT Allows Mine Development Expenses as Revenue Expenditure Under Section 37 The Bangalore Bench of the Income Tax Appellate Tribunal […]

Bombay HC Directs Income Tax Dept. to Grant TDS Credit Despite Wrong Deposit as Advance Tax by Deductor.

The Bombay High Court has held that no disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 can be […]