Rent from Children can not be treated as a Tool for Tax Evasion if it is a Genuine Arrangement: ITAT in case of Md. Hussain Habib Pathan v. Asst. CIT

In a significant ruling, the ITAT), Mumbai bench has held that the rent received from son and daughter of the assessee could not be treated as a tax evasion tool…

Continue ReadingRent from Children can not be treated as a Tool for Tax Evasion if it is a Genuine Arrangement: ITAT in case of Md. Hussain Habib Pathan v. Asst. CIT

High Court set a side addition made on a/c of cash deposited during demonetization period by saying assessee had not been heard in E assessment proceeding

HC of Madras in the case of Salem Sree Ramavilas Chit Company Private Limited v/s The Deputy Commissioner of Income Tax vide its Writ Petition No:1732 dated 4th February 2020…

Continue ReadingHigh Court set a side addition made on a/c of cash deposited during demonetization period by saying assessee had not been heard in E assessment proceeding