Amendment to Section 36(1)(va) of the Income Tax Act is prospective in nature: Delhi HC

Applicability of TDS on interest on compensation

No penalty for accepting loan in cash from sister concern for making labour payments at far off places and there was an urgency to do so: Orissa HC

No addition u/s 69A for cash deposits during demonetization if the same is routed through regular books of account of assessee which was not rejected by AO: Chandigarh ITAT

No GST on Renting Of Residential accommodation for Personal Use: Delhi High Court

Delhi HC decides the date of issue of notices sent through various modes for purposes of time-barring reassessment.

No reference made to the clarifications of the appellant in the order for rejection of exemption, order to be set aside: ITAT

DSC not mandatory for Service of Notice u/s 148: Delhi HC

Section 80P deduction is available if the income tax return is not filed: ITAT analyzed section 80A (5)

Deduction for provision of doubtful debts may be allowed even if assessee has not written off such provision in ledger a/c of Book Debt

Representation for the reform in the Examination & Evaluation System of ICAI

Registration Restored despite the fact that the application for revocation / appeal was not made in time.

ITC not allowed on steel, cement and other consumables used for reinforcing foundation and structures: AAR

Anil Ambani given temporary relief in prosecution under the Black Money Law by Bom HC

Cash payments to the agriculturists are allowable U/s 40A(3)- How to prove that the recipient is an agriculturist?

No penalty if there are conflicting views of the judiciary on the issue: ITAT Rajkot

AO can’t ignore ITAT order if its operation in appeal has not been suspended by the Competent Court

Know about the Major Change in Board’s Report 2021-22