Faceless Assessment Order passed without issuance of Draft Assessment Order quashed by HC
Shreeji Investment & Advisory Services Vs National Faceless Assessment Centre (Bombay High Court) dated 25/10/2021
Interest on FD/Bonds constituting business income can be included for Partners remuneration calculation
DCIT Vs Niyati Construction Co. (ITAT Ahmedabad) dated 25/10/2021
No section 271(1)(c) penalty for Mere claim of wrong deduction
PCIT Vs Sonu Realtors Private Limited (Bombay High Court) dated 11/10/2021
Income assessed by CPC, Bangalore cannot be taken as returned income
Ranuj Nagrik Sahakari Bank Ltd. Vs ITO (ITAT Ahmedabad) dated 08/06/2021
Profit attribution not permissible in absence of PE in India
ACIT Vs Ericsson, AB Sweden (ITAT Delhi) dated 27/10/2021
No Penalty for failure to maintain books when Assessee submitted Audit Report & Audited Accounts
Aum Jewels Vs ITO (ITAT Delhi) dated 21/09/2021
Regards,
Bipul Kumar
Business So Simple 