Deemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company to its shareholder
Which companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance?
Long Term Capital Loss from off market sale cannot be offset against other capital gains if it is not under the ambit of legitimate tax planning and is a colourable device to evade tax: Mumbai ITAT
Once a substantive statutory remedy is available, it would not be appropriate for the Court to exercises its extraordinary jurisdiction to entertain this writ petition: Bombay HC
Issuing of a notice in the name of the correct person and not in the name of a dead person is sine qua none for acquiring the jurisdiction and initiating action under Section 148
Even if Assessee accepted demonetized notes even after 08/11/2016 and deposited them in bank, addition cannot be made: ITAT Pune
The period of assessment under GST corresponds to the financial year and the limitation is calculated from the date of filing the annual return.
Immunity from penalty under section 270AA: Delay in applying immunity from penalties is only a technical breach of procedural law & immunity should be granted as long as the tax is paid
Procedural non-compliance: Reassessment notices issued under sections 148 and 148A declared invalid by Bombay HC
When it has been established that unsecured loans are accommodation entries, mere repayment is not a ground to drop the addition U/S 68: Mumbai ITAT
