Supreme Court Declares Section 3(2) and 5 Of Benami Transactions Prohibition Act As Unconstitutional; 2016 Amendment Act To Have Only Prospective Effect
Request to address the concerns arising from automatic processing under section 143(1) of the Act by the CPC – ICAI
2016 Amendment to Benami Act can’t be applied retroactively to transactions entered into before 25-10-2016: Apex Court
“It is not out of place to mention here that the information made available/data uploaded by the reporting entities may not be fully accurate due to inter alia, error of human nature technical nature, etc”: CBDT
NCCL Representation to scrap Clause No. 44 of the Tax Audit Report (Form 3CD) under the Income Tax Act, 1961.
Redevelopment Agreement with the Builder: Taxation on receipt of Bigger size flat in lieu of old Flat
GST Appellate tribunals may see the light of the day – GoM ready with its report on GST appellate tribunals.
CAG flags large scale round tripping in gems and jewellery and asks for a detailed investigation by tax authorities:
Depreciation can be claimed on assets not in use, once they are a part of block of assets: ITAT Kolkata