If deductee’s PAN is not linked with Aadhar – Deductor will also be penalized if TDS done at Normal TDS Rate

November -30th: Last Date to avail ITC for FY 2022-23

Simply uploading a notice on the assessee’s e-Portal by the Income Tax Department does not meet the requirements of proper service

Higher TDS Rate applicable if the PAN is not linked with Aadhar at the time of payment or credit

Agreement to sale is also ‘transfer’ as per Sec 2(47) of the Income Tax Act: SC

Excess stock found during survey is taxable as Business Income and not Other Source Income

Capital gain exemption cannot be denied for the reason that house property was not intended for personal use

Capital gain computation: Holding period to be reckoned from the date of allotment of flat or from the date of application for flat?

Excess stock surrendered during survey can be treated as unexplained income?

Not every loss of revenue could be treated as prejudicial to the interest of revenue for exercising the revisionary power under section n263

Assessment order cannot be considered erroneous solely based on an allegation of inadequate inquiry, unless there is clear evidence of a complete lack of inquiry.

Income earned from unqualified person not covered by presumptive scheme of taxation under section 44ADA

Legal validity of Rule 37A for F.Y 2022-23

Assessment order passed by AO without quoting DIN – generation of DIN subsequently

Income Tax benefits to startups (Sec 80-IAC)

Reason to suspect is not reason to believe and cannot be a basis for reassessment proceedings: Delhi HC

VAT subsidy before the introduction of Sec 2(24)(viii) is a capital subsidy: ITAT Kolkata

Addition under section 44ADA deleted by ITAT as the Taxpayer is just 10th passed