The addition based on statement alone that too based on mistaken facts and retracted cannot be sustained. – ITAT Delhi
The CBDT Circular No. 723 dated 19.09.1995 clearly lays down that in case of payments made to foreign shipping companies, provisions
Shri Rajeev Kumar Agarwal, Whole Time Member (WTM), SEBI has passed an order dated September 7, 2016 under sections 11,
Unless AO possesses some evidences, demonstrating the fact that full value of the consideration disclosed by the assessee was incorrect,
Peak credit principle is applicable in a case where there is several credit and entries are found in one account.
If Settlement amount is excess than the amount claimed earlier or short settlement of claims of income from clients is