posted: "INCOME TAX : Where reassessment, to tax income under section 28(iv), was initiated on basis of order by Commissioner (Appeals) in case of company in which assessee was director but assessee claimed that he was not director of company at that time, since d"
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posted: "The Income-tax Department has carried out search and seizure operation in the case of a prominent public figure in Nagpur and his family members. More than 30 premises were covered in the search and survey operations spread across Nagpur, Mumbai, New Delh"
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posted: "INCOME TAX : Where addition was not based on any incriminating material found during course of search and assessment was not pending on date of search, addition was to be deletedINCOME TAX : Where addition was not based on any incriminating material found"
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posted: "FEMA, BANKING amp; INSURANCE : Where petitioner/borrower was aggrieved by notices issued by bank under section 13(2) and 13(4), he could file an appeal against said notices under section 17 before DRT; writ not maintainableFEMA, BANKING amp; INSURANCE : W"
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posted: "The Central Board of Direct Taxes (CBDT) has notified pension fund, namely, the BCI IRR India Holdings Inc., for the purpose of exemption under section 10(23FE). The notified funds shall be eligible to claim exemption in respect of investment made in Indi"
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posted: "INCOME TAX : Activities of assessee being that of a developer, same would include operation and maintenance of SEZ and, therefore, entitled for deduction under section 80-IAB; it could not be said that deduction under section 80-IAB is allowed only to tra"
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posted: "INCOME TAX : Where AO made an addition on account of stamp duty incurred by assessee for purchase of an immovable property as unexplained investment, since property was owned by assessee jointly with his wife and such amount towards stamp duty was actuall"
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