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.

An overview of the important GST Provision for the Financial Year 2022-23

ITAT defines the meaning of ‘set aside’ and directs that AO can’t do fresh assessment if assessment order was set aside by ITAT.

Landmark Ruling: Sale of plots after subdividing land into smaller plots & adding amenities will not amount to supply-  AAR Goa

Writ petition on reassessment notice for bogus purchases of Rice based on statements recorded of different parties dismissed by Chhatisgarh HC. 

Collective Investment Scheme” floated by a private trust is illegal.

Sum received from husband with no intention to repay isn’t loan; no violation of Sec. 269SS: ITAT

Interest paid by builder on failure to construct flat is compensatory in nature out of preview of sec. 194A: HC

Validity of the existing Hand Book of Procedures (HBP), 2015-20 is extended upto 30th September, 2022 by DGFT

Signing of 62 Advance Pricing Agreements by CBDT in FY 2021-22