Zero Income on Tax of Rs. 13 Lakh – A case Study

Right to cross-examination a witness adverse to the assessee is an indispensable right and the cornerstones of natural justice.

Summery of MVat amnesty declared by state budget. Scheme period will be Apr-22 to Sep 22

There is no presumption that everyone knows the Law

If the reasons for re-opening the assessment is based on incorrect facts or conclusions, certainly the notice issued for re-opening cannot be sustained: Bombay High Court

Handling non-responsive or untraceable cases in National Faceless Scheme: SOP by NeAC

Parliamentary Panel pitches for ending CA Institute’s monopoly

Indiscriminate and a rash of notices by the Income Tax Department with reference to time-barring date for the Income Tax proceedings: An Apt representation by Tax Bar Association, Indore”

Net Direct Tax collections for the F.Y. 2021-22 at Rs. 13,63,038 crore showing a growth of over 48.4%

Submission of Certificate to the Schedule bank operating the separate account and copies thereof to MahaRERA Authority. 

Income Tax Department conducts searches in Mumbai

Notice of Reassessment issued without prior approval is illegal: Bombay HC

TDS done U/s 194D in respect of payment by Life Insurance Companies & its Taxation

Partners remuneration not to be counted for the purpose of Audit U/s 44AB

CBIC issued Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19

Sale deed done with Post Dated Cheque & Year of Taxation

Foreign Tax Credit (FTC) cannot be disallowed for delay in filing Form 67: Bangalore ITAT

Cash deposited in the bank out of the sale Proceeds and its Taxation u/s 68