Section 50C is not Applicable in case of compulsory acquisition of Land by the Govt where payment of stamp duty is not applicable.

Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA)

List of Information which will be Reflected in AIS/TIS (From AY 2023-24 onwards)

Seconded employees do not come under ‘FTS’ OR ‘FIS’: ITAT

If one can conclude that there is no suppression in the value, question of invoking Section 50C does not arise.

Lower E invoicing turnover Limit wef 01.04.2023

Rs. 10 Cr ceiling proposed for capital gain exemption in Union Budget – 2023: An overview

No additions based on statements of ex-employees & dealers without allowing assessee to crossing examine them: ITAT

Advisory on New e-Invoice Portal

Whether provision for warranty can be allowed as an expense under Income Tax Act?

Advisory on Geocoding of Address of Principal Place of Business

Non completion of Assessment Order as per ITAT Order within the time limit: Bombay HC directs a refund of taxes paid

Annexure F – Form No. 5 under RERA regarding Annual Report On Statement Of Accounts – Chartered Accountant’s Certificate

Prima-facie adjustment under section 143(1)(a) towards delayed payment of PF/ESIC is not valid: ITAT Jaipur

Purchase of plots can’t be held stock-in-trade if assessee failed to establish that purchase was for business: ITAT

Enhanced New Audit report format of all charitable entities Revised w.e.f. 1-4-2023

Co-owners of property have to pay their share of notional rent, 50% if share not defined: ITAT

Major Recommendations of 49th GST Council Meeting