AO cannot reject the income estimated by the assessee by following the profit margin method, without first rejecting the books of accounts: ITAT Ahmedabad
Capital gain exemption available even if the construction of the house property has commenced before the date of capital gain.
Calcutta High Court set aside the order 148A(d) and 147 order and restored the matter in the stage of 148A(b)
ITAT Jaipur bench deleted addition on account of cash deposited during demonetization out of cash sale
GST on Builder : Deeming fiction providing the one-third value of land will not be applicable If the taxpayer can furnish details of the actual consideration received for construction services
Department is not authorised to retain the amount paid by the petitioner without issuance of SCN even after 2 years have passed
Co-operative bank is entitled to claim deduction of bad debts provided in first part of section 36 (1) (viia) (a) @ 7.50% of total Income and same cannot be denied linking it to rural advances
Disallowance cannot be made in respect of donation made in an institution based on valid CBDT approval: ITAT Mumbai
Vaildity Deduction u/s 80P to credit cooperative society providing credit to its members is cooperative Bank
GSTN issues Updated Advisory on GST Invoice Reporting: 7 days Time Limit applicable for Invoices and Credit/Debit Notes also
ITAT Mumbai held that deduction u/s 36(1)(via) is to be allowed on the total outstanding advances at the end of each month considering the opening balances.
‘Not Everything Said In a Judgment Constitutes a Precedent’- Supreme Court Explains Distinction Between Obiter Dicta & Ratio Decidendi
