Pre-Budget Memorandum by ICAI

Revised Instruction for withholding of Refund u/s 241A in Scrutiny cases – prescribing time lines for submission of response to CPC

Knwo about “Form ITR-A”

Taxation of the Partnership Firm: Planning & Precaution

EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022

Income tax raid on the person in the business of gold & diamond jewellery: Rs. 100 Cr detected

Payment of PF/ESIC after the due date under the respective Labour Law: ITAT Delhi upheld the power of CPC in making the disallowance U/s 36(1)(va)

Cash payment & Section 40A(3): No disallowance if the payment is made by any person to his agent— who is required to make payment in cash for goods or services on behalf of such person

ITAT mumbai quashesld the tax demand of Rs 5,872 Cr on a demerger transaction of Grasim

Addition under section 69A of the Income Tax Act cannot be made on doubt and suspicion.

Wrong claim in the ITR u/s. 10(23C)(vi) instead of claim U/s 10(23C)(iiiab): Claim is rectifiable U/s 154

Section 274 provides for the procedure to be followed while imposing the penalty – Non-compliance make the notice defective

Utilization of capital gains within time specified would entitle assessee to claim of deduction under section 54 even if sale deed is not executed

CBDT issued annual Circular clarifying the TDS on salaries

No penalty u/s 271(1)(c) in respect of a debatable issue

“Now Taxpayer……..Of registration”

TDS has to be deducted in the case of supplementary commission of travel agents: SC

Addition done without referring the valuation to the DVO: Court restored the file to AO for valuation