significant observations and recommendations emanating out of the Performance Audit conducted on ‘Functioning of Unique Identification Authority of India’ by CAG

Crypto Currency –Investability,Legality and Taxability

Whether Tax exemption promised can be withdrawn by subsequent notification under the Kerala State Sales Tax Act?

Penny stock deleted by ITAT Kolkata in a very detailed order.

Correction in Tax Challan: Who and When

Top 10 Ruling on the Violation of “Principle of Natural Justice” as observed by the Judiciary

Technical breach without any intention to evade tax: High court ordered to release the vehicle and the consignment to the petitioner

Taxpayer can exercise option of Writ petition even if alternative remedy in the form of CIT (A) is available

Entry to improve the Ratio for the purpose of Bank Loan- Validity of addition done

Whether ignorance of law can be “Reasonable cause” for non imposition of penalty

Same issue examined by ITAT in earlier years, whether disallowance for subsequent years can be done by the AO?

14 Key Changes in the ITR Forms for AY 2022-23

Re-assessment notice issued without prior approval of jurisdictional CIT contravenes mandate of Section 151(2) and hence invalid: Banglore ITAT

Time spent in appeal filed with bona fide mistake to be excluded for computing limitation period for sec. 264 revision: HC

Tax Relief to income arising from retirement funds: 

Notional or fictitious journal entries cannot be taxed u/s. 68.

Instances of the Violation of “Principle of Natural Justice” as observed by the Judiciary

Stay application cannot be rejected arbitrarily. AO should not act as a mere tax-gatherer but as a quasi-judicial authority vested with the power of mitigating hardship to the assessee.