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Bogus Purchase: Income Tax Addition can be best limited to GP Ratio
Income Tax
CA Pratibha GoyalJun 4, 2022

Bogus Purchase: Income Tax Addition can be best limited to GP Ratio

Sec 12A/80G registration: No need to produce bills for period prior to application when audit report has been submitted
Income Tax
CA Pratibha GoyalJun 4, 2022

Sec 12A/80G registration: No need to produce bills for period prior to application when audit report has been submitted

Disallowance of expense u/s 40(A)(2)(b): The burden of proof of excessive/unreasonable expense is on AO
Income Tax
CA Deepak GuptaJun 4, 2022

Disallowance of expense u/s 40(A)(2)(b): The burden of proof of excessive/unreasonable expense is on AO

Entire Cash deposit cannot be treated as income without considering withdrawal: ITAT explains Principle of peak credit
Income Tax
CA Pratibha GoyalJun 3, 2022

Entire Cash deposit cannot be treated as income without considering withdrawal: ITAT explains Principle of peak credit

Assessment u/s 147 r.w.s. 143(3) cannot be made as an alternative to Section 263
Income Tax
CA Ayushi GoyalJun 3, 2022

Assessment u/s 147 r.w.s. 143(3) cannot be made as an alternative to Section 263

No penalty unless the conduct of assessee is found to be contumacious
Income Tax
CA Ayushi GoyalJun 3, 2022

No penalty unless the conduct of assessee is found to be contumacious

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