Month: November 2023

Recent Posts

• Can ITC be availed on advances paid for goods or services?
• Joint Development Agreement under the spotlight of the Income Tax Department
• Penalty proceeding of a company in old Name – Minor errors in notices or proceedings do not invalidate the proceeding: Delhi HC
• Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad
• AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA
• Who are required to file GST Annual Return despite filing monthly returns?
• CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.
• How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past
• No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period
• CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year.