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Pls visit here for Landmark Decisions of  last two weeks sorted out sectionwise-

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#MaggiReturns & #LaluReturns prove that no matter how poisonous you're in the past, Indians will accept you. Hence India is a tolerant nation😂

Assessee is entitled to TDS credit without offering the corresponding income to taxation - Delhi High Court
IN the instant case, the vendor had billed "REPL", assessee's sister concern for the work but had mistakenly mentioned assessee's PAN in the TDS certificate, thus inadvertently crediting its TDS account in the 26AS statement, which is PAN based.
Read / download full text fm here:

http://subashagarwal.blogspot.in/2015/11/commissioner-of-income-tax-vs-ms-relcom.html

ITO's  arrogance may lead to quashing of reassessment proceedings. Read how?
                 
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This decision will help you avoid liability u/s 41(1) where liability remained unpaid since many years.
 

          Pls. Visit:
http://subashagarwal.blogspot.in/search?q=hitz

1)   4 in 1 judgement to help you in getting penalty u/s 271D & 271E deleted.
a)Where liability was created by mere journal entry .
b) Where assessee had repaid loan by way of pay order.
c)  Transactions in cash between firm and partners .
d)  Transactions in cash between husband and wife

          Pls. Visit:
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Commissioner of Income Tax – II Versus M/s. Multiplex Trading & Industrial Co. Ltd.
ITA no. 356/2013
Order Dated.- September 22, 2015
Dr. S. Muralidhar And Vibhu Bakhru, JJ.

Validity of reopening of assessment proceedings

1)Assessment was re-opened based on information received by the AO from the Investigation Wing.
   Why Reopening was held to be invalid ?

2) If the  safeguards as per GKN driveshaft were flouted , will it invalidate the exercise of   jurisdiction under Section 147 and 148 of the Act?

Read here
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Read the article titled "CONTROVERSY RELATING TO THE ALLOWABILITY OF PUJA EXPENSES UNDER THE INCOME TAX ACT" at-
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ITAT KOLKATA BENCH ORDER HOLDING S. 263 PROCEEDINGS VIS-A-VIS SHARE CAPITAL TO BE VALID & CASTING STRONG ASPERSIONS ON INVESTMENT COS. DUBBING THEM A MEDIUM OF MONEY LAUNDERING

READ AT:
http://subashagarwal.blogspot.in/

There has been a spate of S.263 proceedings in Kolkata against investment companies raising share capital and assessments done by the A.Os have been set aside for re-doing. As many as 400-plus S. 263 orders are under challenge before ITAT, Kolkata in respect of A.Y :2008-2009 and many more such orders have been challenged for subsequent years. First  order on one such case has been passed on 14 th August,2014 holding S. 263 proceedings valid on account of lack of proper enquiry by the A.O.
See full text at:
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FOR ANALYSIS OF RECENT REPORTED DIRECT TAXES' JUDGEMENTS , PLS. VISIT:

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To read my article titled-
"How to avoid penalty u/s 271B for  failure to file audit report within 30.09.2013?"

Pls. visit:
http://subashagarwal.blogspot.in/

To read my article titled-
"Failure to file audit report manually and ROI within Sept., 30 – Any penalty u/s. 271B would be illegal"

Pls. visit:
http://subashagarwal.blogspot.in/

To read, please visit -

http://subashagarwal.blogspot.in/search/label/Sec43CA