Judgement

Revision under Section 23 cannot be used to reopen issues already examined in detail by the Assessing Officer,

No Revision Where AO Examined Issues in Detail Under Black Money Act: ITAT

ITAT Mumbai held that goodwill arising from a slump sale of a going concern is a depreciable intangible asset and deleted the disallowance.

ITAT Mumbai upheld deletion of Section 68 addition after finding that assessee had proved genuineness of unsecured loans.

Comprehensive guide on TDS Compliance for Non-Residents u/s 195 including concepts such as Deduct, deposit, and report tax on payments.

Cash gifts (“sagan”) received at marriage held to be a satisfactory source; Section 69A addition unsustainable.

The ITAT held that the services provided for AMC would qualify for TDS to be made under Section 194C and not Section 194J of the Income Tax Act.