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.
CBDT prescribed terms & Conditions for claiming exemption in respect of a perquisite by way of reimbursement of expenditure for treatment of Covid-19.
Respected Finance Minister, Please merge Income Tax Department & GST Department rather than asking details in Clause No. 44 of the TAR