Charitable Trust: Don’t forget to file Statment of Donation received in Form No. 10BD which is live – Due Date 31st May 2022
Whether ALV of property, which could not be let out during relevant year, should be nil as per sec 23(1)(c) of Act?
Proposed rate rationalisation under the GST regime: GST Council sought views of states for hiking rates on 143 items.
Mumbai Tribunal deprecates Tax Authority’s action indisallowing claim for application of income by way of donation to foreign universities approved by the CBDT.
Non-compete fees paid to key employees at the time of joining is in the nature of “salary income”: Karnataka High Court
Giving less than 24 hours to reply to the show cause notice is arbitrary & results in palpable injustice: Karnataka High Court
“Income Tax Informant Reward Scheme,2018” in case of Complainant regarding tax evasion or Undisclosed foreign Income
Mere entry of cash credit in the books of accounts that would create liability, but there should be an actual flow of funds. – ITAT Delhi
ITAT has power to entertain a new claim for the first time: Supreme Court in WIPRO Finance Limited Vs CIT
When the Constitution confers on the High Courts the power to give relief, it becomes the duty of the Courts to give such relief in appropriate cases and the Courts would be failing to perform their duty if relief is refused without adequate reasons: Supreme Court