Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC
Re-assessment proceedings without an approval as envisaged u/s 151 of the Act would be non-est and liable to be quashed:ITAT Dehradun
No disallowance u/s 40A(2)(b) on interest paid to related party without comparing it with FMV of rate of interest: ITAT
Delhi HC recently had an occasion to consider the scope of section 263 vis a vis Non enquiry and inadequate enquiry.
TDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar:
Cash deposited during demonetization shall be treated as income from the business and taxable at normal rates: ITAT Chennai
Rental income from let out property without any additional services is income from house property: ITAT Delhi
GST Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh