posted: "INCOME-TAX : Product development expenses are deductible even though said expenditure was to be amortized over a period of 3 years as per accounting practice adopted by assesseeINCOME-TAX : Product development expenses are deductible even though said expe"
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posted: "INCOME TAX : Where Assessing Officer holding that cash sales of bullions were effected by assessee by quoting low rates as against sales effected against jewellery made addition for suppression of sales, however, Tribunal after taking note of number of in"
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posted: "INCOME TAX : Where petitioner had acted as a director of company for a short period and disclosed details of acting directors, acting directors of company being available, department could have proceeded against any one of such acting directors for reasse"
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posted: "INCOME TAX : Where during search operation at premises of assessee, 288 paintings were found but Assessing Officer noted that description of paintings mentioned on vouchers given by assessee did not match and were not verifiable, since paintings were acqu"
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