CBDT Notifies Income Tax Return Form ITR-6 for AY 2024-25

An overview of TDS U/S 194O: Key issue

Penalty U/S 270A cannot be levied arbitrarily: Rajasthan HC Chambal Fertilizers and Chemicals Limited Vs PCIT

Can ITC be availed on lift and elevators?

AO cannot reassess any income that was the subject matter of an appeal: Bombay HC

Avoid Disallowance: Timely Payments to MSME Essential for Deduction

GST in Electronic Cash Ledger amount to payment to Government and interest cannot be levied merely because GSTR-3B was not filed: Madras HC

Delay in filing of TDS Quarterly Return: No penalty u/s 272A(2)(k) should be levied for a mere technical venial breach

If AO has taken one of the possible views by treating the income offered during survey operation as income under the head business and profession, PCIT cannot exercise its revisionary power U/s 263

ITR filed without Financials is a defective return but not necessarily an invalid return : SC

No Income Tax in India for salary earned by a Korean Resident outside India: ITAT Delhi

Bombay HC quashed notice under section 148 for AY 2016-17 issued after prior approval of PCIT instead of PCCIT.

Blocked Credit Under GST – Section 17(5)

The amount paid in Electronic Cash Ledger is equal to credit to the account of the Government.

Delay in filling appeal before the CIT(A) by 2929 days can be condoned by CIT (A) if there exists a genuine reasons: ITAT Ahmedabad

For a mere technical venial breach, the assessee should not be invited with penalty u/s 272A(2)(k) of the Income Tax Act

For exercising its power under Section 263, PCIT cannot substitute the view taken by the AO as per his understanding of facts of the case

Taxpayers can pay GST with credit or debit card