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Income Tax
SC : “Public scrutiny of the court process remains a vital principle for the functioning of democracy.” Does this mean no more Faceless hearing?
With the announcement of recent budget, the proposal in respect of introduction of the scheme of Faceless ITAT has been a point of debate since there are mixed opinions regarding the same The...
Startups
Startup India Registration: How beneficial is it for your business?
Launched on 16th January 2016, the Startup India Initiative has rolled out several programs to support entrepreneurs, build a robust startup ecosystem, and transforming India into a country of job creators instead of job...
Finance
No addition can be made in respect of completed assessments if no incriminating material is found during the course of search.
The DCIT Vs. M/s.Creative Trendz Pvt. Ltd.
Facts of the case
The assessee is a company engaged in the business of embroidery of cloth and job work. The assessee filed its Return of...
Income Tax
Revision u/s 263 quashed when Cash deposit was examined in original assessment proceedings
Pramod Kesharichand Shah Vs. The Principal Commissioner of Income Tax
Facts of the case
The assessee an individual,
filed his return of income on 31.10.2007, declaring total income to the tune of
Rs.9,14,884/-. The assesses case was re-opened...
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