Validity of adjustment u/s 143(1)(a) on the basis of views expressed by the tax auditor in tax audit report
Operative part of the Supreme Court justifying section 148 notice issued by the Income Tax Department for reassessment proceeding initiated after 01.04.2021
Additions cannot be made under the Income Tax Act, 1961 on the basis of documents that are declared as ‘dumb documents’
Indian crypto exchanges and custodian wallet providers must maintain KYC data and records of financial transactions for 5 years.
7 noteworthy points of the Supreme Court order justifying reassessment proceeding on the basis of notices issued after 31.03.2021 without complying with the provision of section 148A
Company Compliances to be done in a financial year by Private limited Companies under Companies Act, 2013.
Faceless assessment does not mean that no responsibility can be fixed for passing such an erroneous order: Delhi High Court
Sum received by Son from mother to giving up rights in properties of deceased father can’t be taxed u/s 45: ITAT
High Court cannot dismiss an appeal u/s. 260A merely having an opinion that the proposed questions of law are not substantial questions of law and they are only on factual aspects.
