Suspicion cannot substitute evidence – No Addition under Section 69A in respect of cash of Rs. 1 Cr seized at Railway Station

Reassessment Proceeding: Section 149(1)(b) of the Act would be satisfied if the cumulative value of the expenditure exceeds ₹ 50 lakhs provided that the same is related to an event or occasion.

Digital Evidence in Tax Law: No 65B Certificate Needed, Rules Madras HC

The TAX Talk Impact: Date Extended well in advance from 31st July to 15th September – Thanks to Finance Minister Smt. Nirmala Sitharaman

TDS on Interest and Remuneration to the Partners: 10 Points to be noted

Interest on compensation and enhanced compensation is an accretion to the compensation itself and so covered under the head Capital Gains: Kerala HC  

“Payable” in section 40(a)(ia) covers even cases where amount is paid & not restricted to amount payable: Jharkhand HC

Only the profit element which is taxable if unrecorded sales are admitted and offered to tax in a survey action due to shortage of stock

No ITC on Inputs used for mutual fund Transactions : Gujarat AAR

Immunity from penalty under section 270AA:

Grievances can be submitted for Central jurisdiction for New Gst Regn

Capital Gains Account Scheme: Confusion & Clarification (I)

It is the duty of AO to allow all lawful deductions, even if not expressly claimed by the assessee: SC

Any authorization issued by an authority lacking such jurisdiction would be liable to be quashed as ultra vires: Raipur ITAT

The words ‘and also’ in section 147 cannot be read as being an alternative: Delhi HC

Rectification orders U/s 154 not legally permissible if the issue is debatable and not a mistake apparent from the record.

GST: Refund can’t be held back on Commissioner’s opinion alone, Twin Conditions Must Be Satisfied:

Demonetization Cash Deposits: ITAT Mumbai deleted addition as the books of account was not rejected.