Rs. 250 Cr of unaccounted income detected by IT officials

Robbery amount recovered by Police – Whether can be return to the Taxpayers even if the Income-tax Dept. has initiated section 132 proceedings?

Short Overview of the Changes in GSTR-3B as amended in the GSTN portal

Compliance Calendar for Sept-2022

Guidelines for launching prosecution under CGST Act

Assessee can’t have custody of robbed cash recovered by police once the Income-tax Dept. has initiated section 132 proceedings: HC

Change with regard to reporting of ITC in Table 4 of GSTR-3B now available on GSTN portal

Compensation for compulsory acquisition of Land: Not taxable even if there is no specific exemption provision in the Income-tax Act of 1961

Validity of Reopening on a new ground different from the ground on which notice was issued U/s 148A

Bad Debts Written Off: If a provision for expense is expressly excluded from Section 36 (1) (vii) then such a provision cannot claim deduction under Section 37 of the IT Act even on the basis of “real income theory”.

Sum paid by custom house agent to container freight station agent is liable to sec. 194C TDS: ITAT

Amendment in section 36(1)(va by the Finance Act- 2021 don’t have the retrospective application: Nagpur ITAT

Reopening Proceedings Quashed by Calcutta High Court as the information has been lightly used which resulted in issuance of notice.

Compensation for compulsory acquisition of Land, whether agricultural or non agricultural is exempted from Income Tax: ITAT

Bombay High Court also stays the reassessment preceding beyond 6 Years- An interim relief Granted

Delhi High Court also admitted petition against reopening U/s 148A(d) -Granted Interim Relief

Reassessment proceeding beyond 6 Years stayed by Calcutta High Court as an interim relief

Quashing of Benami Law’s Retrospective Effect: A short Overview