The ITAT ruled that absence of recorded satisfaction in the assessment order bars initiation of penalty under Section 271E. Supervisory revision cannot substitute the Assessing Officer’s statutory ...
The AO had treated all bank cash deposits as unexplained under section 69A. The Tribunal held that regular cash sales explained most deposits and restricted the addition to ₹10 lakh ...
Tax evasion means purposely not paying taxes you owe. In contrast, a tax filing error usually happens because of a mistake, misunderstanding, or oversight. Most errors can be fixed by filing an ...
A forensic audit is an examination of a firm's or individual's finances to derive evidence that can be used in a court of law or legal proceeding.
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