Section 14A & Rule 8D: Disallowance Applies Only to Investments, Not Shares Held as Stock-in-Trade.

Assessing Officers Must Use Evidence, Not Estimation, to Challenge Taxpayer's Disclosed Capital Gains Value.

Section 14A and Rule 8D Not Applicable: No Fresh Investment or Expenditure by Assessee This Year.

Registration Denied: Educational Society's Split Lacks Required Approvals Under Societies Registration Act; Inadequate Grounds Cited by Director of In...

No TDS on Software Expense Reimbursements to Parent Company; Not 'Royalties' or 'Technical Fees' Under DTAA & Sec 9(1)(vii).

F&O Share Transactions to Prevent Losses Not Deemed Speculative, Clarifies Tax Rule.

TDS u/s 194C: Applicable to Catering Services Contracts, Not to Mere Sale of Goods or Products.

High Court Clarifies No Double Taxation in Income Additions u/ss 68 and 69; ITAT Missteps Highlighted.

No evidence found during search; additional depreciation issue u/s 153A of Income Tax Act unaddressed.

Reassessment Challenge: Dispute Over Unexplained Investment Already Taxed Under Hindu Undivided Family, Not Individual.

Anticipated Future Expenses in Construction Cannot Be Disallowed Under Mercantile Accounting System, Says Assessing Officer.

Co-operative Society's 'Transfer Fees' from Members Not Covered by Mutuality Principle, Transactions Taxable.

Section 40A(2)(b): Disallowance of Professional Fees Paid to Firm with Partner Interests Lacks Concrete Evidence.

Denial of TCS Credit u/s 206C(1C) Equates to Confiscating Taxpayer Funds Already Included in Taxable Income.

Deadline for Processing Income Tax Refund Claims for 2012-2015 is March 31, 2017.

Benami Transactions Act 1988 Amended: Enhanced Enforcement and Broadened Scope to Tackle Tax Evasion and Boost Transparency.

Amendment to Benami Transaction (Prohibition) Act, 1988, Takes Effect November 1, 2016.

Central Govt Appoints Adjudicating Authority, Appellate Tribunal to Enforce Prohibition of Benami Property Transactions Act, 1988.

Notice u/s 271(1)(1) Invalid: Ambiguity on Accusation Type Prevents Penalty Imposition in Tax Case.

Penalty Not Imposed: A.O. Failed to Specify Breach Conditions u/s 271AAA, Lacking Justification for Penalty.