ITAT directs AO to recover capital gain tax from assessee after revising wife’s ITR where it was mistakenly declared.

Section 16(4) of CGST Act, 2017 prescribing time line for claiming ITC is Constitutionally Valid: Andhra Pradesh HC

CBDT Authorises CCIT/DGIT Rank Officials To Condone Delay In ITR-filing By Co-Operative Societies

Religious expenses exceeds 5% & so trust held to be ineligible for sec. 80G approval: ITAT Pune

Carrying of the physical copy of Invoice is mandatory. Soft copy is not valid: Calcutta HC

GST Advisory: e- Invoice Exemption Declaration Functionlality Now Available

Can interest on bank FDR be taxed at the time of its withdrawals?

Not followed the CBDT Circular: Court imposed cost on the CIT & ordered interest on refund @9%

Deduction & Claim can be considered by way of a simple letter during assessment proceeding- No need for Revised Return

Salaried Taxpayers Under I-T Scanner

Bogus Purchase: Only profit element taxable if sales & stock is not doubted

Income under Section 44AD or 44ADA: Whether inclusive of GST or excluding it?

GST Circular 199/2023 providing clarity on Cross Charge vs ISD

Delhi ITAT on Bogus purchases: All that can be added is the profit element embedded therein

No addition on account of sale of penny stock, if no direct involvement of the assessee: Bombay HC

F & O Transactions & Audit requirements while filing ITR forms

Assessee’s direct involvement in price rigging need to be conclusively proved besides the broker’s involvemen for taxation U/s 68