Penalty u_s 271(1)(c) cannot be levied on debatable issue!

In order to get the benefit under Section 54F, taxpayer need not complete the construction of the house and occupy the same: Madras High Court

Deemed Dividend Taxation U/s 2(22)(e): Accumulated profit will include current year profit as well?

CBDT Notification giving relaxation to NRI who does not have PAN from E-filing of Form No 10F till 31st March 2023

50000 Noticed send to companies after GST Audit

Validity of addition done pursuant to the statements of the third party without any incriminating material

Failure of the builder to handover the possession of the property Vs. Capital Gain Exemption

An overview of the GST Council recommendations in 48th Meeting

Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due: CBDT

Key Highlights & Decisions in the 48th Meeting of the GST Council

EU adopts global minimum tax of 15% on corporates:

Deputy Commision of Income Tax sentenced to Jail for a week by Allahabad HC

Section 80P(2)(d) deduction is permissible on Interest income of the Co-operative society from co- operative bank

“In case he is not punished, it would send down a wrong signal to other officials of Income Tax Department ” – One week Imprisonment to DCIT by High Court

SOP on filing of Appeals /SLPs by the Income Tax Department in the Supreme Court and other related matters

Use of car for personal use as well: ITAT disallowed 20% of depreciation as no log book for usage of car maintained

BJP CA Cell representation for one time GST Amnesty Scheme

Co-operative bank continues to be a co-operative society & Interest income on investment with a co- operative bank is eligible for deduction under section 80P(2)(d)