ITAT Hyderabad held that reopening of assessment u/s. 148 of the Income Tax Act is void-ab-initio since income escaped assessment doesn’t exceed Rs. 50 lakhs or more. Accordingly, assessment order ...

Kerala High Court held that proceedings punishable under section 13 (1) (d) r.w.s. 13 (2) of the Prevention of Corruption Act, 1988 not justified since illegal gratification of Rs. 1.5 crore against ...

ITAT Delhi held that addition under section 68 of the Income Tax Act by treating LTCG as bogus merely on the basis of assumption and conjecture is not sustainable in law since purchase and sale of ...