The Tribunal held that commission paid to a shell concern with no real services is taxable as unexplained credit. Claims that expenditure related to an earlier year were ...

Emel McDowell was in a New York City jail when a guard yelled out his name. A single envelope slid through the metal bars into his cell. He stared at the return address in disbelief.

The Tribunal held that when sales are not disputed, the entire value of alleged bogus purchases cannot be added under section 69C. Only the embedded profit element is ...

Tenants who illegally constructed two additional floors on a rented property in Shimla have been ordered to demolish them by ...