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

PF ESIC adjustment vide 143(1) intimation is correct: Pune ITAT

Reopening is bad in law if it is by relying on the same set of material and the audit objection and using the same materials

Penalty under section 271AAB quashed as notice has a fatal error as it intends to penalize an assessee without spelling about the charge against the assessee