Where assessee had already proved ingredients of section 68 in respect of its unsecured loans by furnishing confirmation letter and bank statement of lenders, such unsecured loans could not be treated ... Read more..

Excise duty and sales tax are indirect taxes, such taxes are to be excluded while calculating total turnover of assessee. ... Read more..

Where AO issued notice under section 153C to re-assess income of assessee for the assessment 2019-20 on the basis of information received from AO of searched person, which was pertaining to financial ... Read more..

The genuineness of the transaction between assessee and the supplier could have been determined only after examining all the relevant documents, however, there was no material on record indicating tha ... Read more..

Where adverse decision was contemplated against the assessee, the Assessing Authority was required to comply with the mandate of sub-section (4) of Section 75 by affording an opportunity of personal h ... Read more..

Where assessee was not aware of issuance of the Show Cause Notice issued through the GST Portal and the original of the said Show Cause Notice was not furnished to him, the assessment order came to be ... Read more..

Mere inconvenience or hardship that borrower might have to face in travelling from Coimbatore to Chandigarh would not fall within expression expedient for the ends of justice in respect of transfer of ... Read more..

Ex-director already resigned from company prior to issuance of cheque, there was no material on record to suggest that she exercised control over affairs of the company at the time of dishonoured cheq ... Read more..

When adjudicating authority called for report from RoC to investigate and verify existence of companies at address mentioned, the authority ought to have awaited the report for proceeding further in t ... Read more..