Expression “purchased” would undoubtedly connote the domain and control of the property for capital gain exemption U/s 54  

Whether in case of a restaurant charging GST @ 5%, will the ineligible ITC be shown in Form GSTR-3B – under blocked credit [section 17(5)] or under rule 42/43 or under Other?

Section 148 notice dated 31st July, 2022 relevant to the Assessment Year 2013-14 issued under Section 148 not sustainable in terms of the first proviso to Section 149(1)(b)

Investment in One property can be adjusted against Capital gains on sale of multiple properties

Capital Gain Exemption: What if the transaction is not completed within the specified time period

Highest direct tax buoyancy in 15 years recorded in FY22 : CBDT

Non-registration of agreement to sale etc. does not disentitle assessee to claim benefit u/s 54F.

Reassessment Notice U/s 148A: Checklist for the taxpayers

Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment Year 2013-14

TDS Rate Chart AY 2024-25 (FY 2023-24)

Advisory: Time limit for Reporting Invoices on the IRP Portal

Fairness and impartiality are the bedrock of our justice system, and it is essential that they are upheld at every stage of the process of Assessment : Pune ITAT

Whether penalty can be levied u/s 271C for mere delayed payment of TDS when interest is discharged u/s 201(1A)?

Test of residence under the Income Tax Act is the de facto control: SC

GST council should come out and voluntarily refund late fees whenever any amnesty scheme is announced with lower late fees for non-compliant taxpayers

Madras High Court Quashes Reassessment Made After The Limitation Period

One Time Premium Received On Allotment Of Completed Commercial Units Building Attracts 18% GST

GST is not applicable on amount recovered from employees for canteen & transport facilities provided by a third-party: AP AAR