Officers of the department must not take advantage of ignorance of an assessee as to his rights and that it is one of their duties to assist a tax payer in every reasonable way
Valuation is a matter of opinion / estimation: No addition should be made for reasonable difference between the expenditure actually incurred vis a vis valuation done by DVO
Heavy Gold Jewellery received as ‘Streedhan’ and found in income tax raid vs. validity of its addition
Circular No 179/2022: Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting
Circular No 178/2022: GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law
Circular No 177/2022: Clarifications regarding applicable GST rates & exemptions on certain services.
NOC required to be obtained for closure of the Capital gain account –whether exemption U/s 54 can be denied if no NOC obtained?
If AO passes assessment order after due application of mind with proper enquiries – Proceedings u/s 263 would be bad in law
Large scale round tripping in gems and jewellery: CAG asks for a detailed investigation by tax authorities
“Order U/s 148A(d) cannot travel beyond show cause notice” is a good law even under the new reassessment scheme which is effective from 01.04.2021.
Cost of Rs.50,000/- imposed on the Department as Order was passed U/s 148A without considering the reply filed by the assessee
Sales made by the assessee to cover the cash deposited in the bank post demonetization was sufficient source: Addition made by the AO is not justified.
