CBDT Clarification on Special Drive to Reopen Cases with Reference to HRA claims

Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.

Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC

ITAT deletes addition of cash deposits made during demonetisation:

Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC

GST Rates on Mobile Phones

CBDT Interim Action Plan for F.Y. 2024 – 2025

Framework for Conducting Joint Audit by CGST and SGST officers

Limit of Rs. 50 Lakh for investment in Capital Gain Bonds: Confusion & Clarification

Unauthorized issuance of shared through public advertisement: MCA imposed fine of Rs. 7 Cr

ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1612/Del/2021

Tools available with GST officers now to check movement of goods

Functionalities to file commonly used ITRs enabled by CBDT on 4st April, 2024: 23000 ITR Filed So Far.

ITAT Indore upheld the peak credit & telescoping theory

No relief to assessee who mistakenly availed IGST instead of CGST/SGST: Kerala HC

No addition could be made under section 68 if Assessee has declared income  under section 44AD: Mumbai ITAT

Compliance Calendar for April’2024

GST ON FOOD GRAINS