AO should have factual proof that benefit of bogus premium was passed : ITAT

AO should have factual proof that benefit of bogus premium was passed : ITAT

ITAT issues Guidelines specified to ensure expeditious hearing of cases

ITAT issues Guidelines specified to ensure expeditious hearing of cases referred to Special Benches and Third Members The Income Tax Appellant Tribunal Ahmedabad has issued guidelines specified to ensure expeditious

Fact that vendors are not available at given address doesn’t make purchases bogus : ITAT

Fact that vendors are not available at given address doesn’t make purchases bogus : ITAT The Fact that vendors are not available at given address is not sufficient to make

Reopening assessment simply on the basis of vague information is not justified : ITAT

Reopening assessment simply on the basis of vague information is not justified : ITAT In matter of Devansh Exports vs. ACIT (ITAT-Kolkata) In this case Assessing Officer reopened the assessment simply on

No Addition u/s 56(2)(vii) even if shares were purchased below FMV : ITAT

No Addition u/s 56(2)(vii) even if shares were purchased below FMV : ITAT Sec 56(2)(vii) does not apply to bona fide business transactions : ITAT Mumbai Sec 56(2)(vii) of Income Tax

Exemption of Rs 50 L in case of TDS u/s 194 IA is related to each transferee : ITAT

Exemption of Rs 50 L in case of TDS u/s 194 IA is related to each transferee : ITAT The exemption of Rs. 50 lakh in case of TDS on