Notice issued for prosecution under Black Money Act unconstitutional for defaults before 2015 i.e., when Black Money Act was enacted. Bombay High Court issues notice

Provisions of section 80AC do note apply to section 80P if the return of income is not filed

Unauthorised sale of company’s land by a director, cannot be considered as unaccounted money: ITAT

Fruit you cannot Eat: Extension of the date of claiming capital gain exemption by CBDT

Income Tax Survey does not empower the ITO to examine any person on oath and the statement recorded u/s 133A has no evidentiary value: ITAT Kolkata

Union Budget-2023: Tax Amnesty Scheme in the pipeline?

Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA: ITAT

Extension of the period of claiming Capital Gain Exemption: An Eyewash

CBDT has granted a further extension of timelines to comply with provisions of section 54 to 54GB.

Sec. 80P deduction can’t be denied to the assessee merely on reason that it didn’t file return of income: ITAT

Additions framed on account of alleged cash receipts not valid where no witnesses to such payments are available to testify & where based solely on a statement that some payments were made

Additional ground not raised before the CIT could be raised before the Tribunal: Calcutta HC

Validity of addition solely on the basis of a statement that some payments were made

Agreement done prior to 2013 and applicability of section 43CA on sale deed done after 2013

Sec 179 not followed, recovery cannot be made from the properties of the directors: Gujarat HC

Legality of demonetisation upheld by the Supreme Court:

Compliance Calendar for Jan- 23 Happy New Year

Demand in pursuance of order of assessment cannot be pursued without disposing off the petition for stay of demand