Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Trust's income tax liability determined based on last will provisions, not maximum marginal rate - assessee's appeal allowed. AO and CIT(A) erred in applying Section 164(1) to tax at maximum marginal rate when share and income already determined by last will. Tax to be computed at normal rate per Section 160(iv) treating Trust as AOP, as contended by assessee.
Trust's income tax liability determined based on last will provisions, not maximum marginal rate - assessee's appeal allowed. AO and CIT(A) erred in applying Section 164(1) to tax at maximum marginal rate when share and income already determined by last will. Tax to be computed at normal rate per Section 160(iv) treating Trust as AOP, as contended by assessee.
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