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Recent Posts
- CSR Expenditure allowed as Section 80G Deduction; “Mandatory” nature is no bar
- Section 69A Addition on “Penny Stock” Sale Deleted; Long-Term Holding Proves Genuine Investment
- Unexplained Credits in Firm’s Account Taxed; 60% Tax Rate u/s 115BBE held Not Retrospective for AY 2017-18
- Addition in Reassessment deleted as Primary Reason for Reopening was dropped; Ranbaxy Principle applied
- Section 54F Denial Set Aside; Matter Remanded to Verify Additional Evidence
- I. Section 14A Disallowance: Capped at Exempt Income & Only Yielding Investments
- Addition in Reassessment deleted as Primary Reason for Reopening was dropped; Ranbaxy Principle applied
- Reassessment Order against NRI Quashed; Regular ITO lacks Jurisdiction over Non-Resident
- Reopening Notice for AY 2014-15 issued in July 2022 held Time-Barred; TOLA extension cannot breach 6-year absolute limit
- Reopening Notice beyond 3 years quashed; Sanction from Wrong Authority (Pr. CIT) fatal
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