Reassessment notice send ‘only’ to ‘secondary email id’ of taxpayer is held invalid by Bombay High Court
If a person has only agricultural income and no other income, then no addition can be made to the total income unless and until the AO proves that the assessee has any other source of income which is taxable under the Income-tax Act: ITAT
Bogus Purchase: Additions have to be limited to the extent of bringing the G.P. rate on purchases at the same rate of other genuine purchases.
Crypto & NFT businesses are now ‘reporting entities’ under the Prevention of Money-Laundering Act (PMLA).
Bombay High Court has again directed Revenue to take requisite steps to curb litigation in the absence of the Goods and Services Tax (GST) Appellate Tribunal
Transfer of Virtual Digital Assets to be governed under the Prevention of Money Laundering Act of 2002
TDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High CourtTDS Not Deposited By Employer, Can’t Be Adjusted Against Future Refund Due To Assessee: Delhi High Court
Delay in filing of Form 67 in relation to Foreign Tax Credit under rule 128 is merely a procedural defects: ITAT
Avail of option for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA)