When an amount is credited in business books, it is not an unreasonable inference to draw that it is a receipt from business: Supreme Court
For concessional tax regime, Form No. 10- IC has to be filed within the due date of filing the returns
Improper & Hurried Order by the Officers: Tax Bar Association, Indore made an Honest Representation seeking an extension of the date of completing the Assessment
TDS done on Gross amount received from Life Insurance Companies- Whether entire amount is taxable or only the income therin is taxable?
Whether a witness can be summoned to appear outside his city of residence in case of an offence under Prohibition of Money Laundering Act (PMLA)?
Validity of Income Tax Notice not available at the income tax portal at the time of issuance but uploaded afterwards
AO has to pass speaking order while rejecting petition for stay of demand u/s 220(6): Calcutta High Court further directed for early disposal of such cases.
There is nothing magical in the figure of 20%; to balance the equities the tax authorities may even grant stay the recovery on deposit of 5% or 10% as the circumstance may demand: HC
Amounts paid by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers is not the payment of royalty
Notice issued within 5 hours of receiving information is valid; HC justified reassessment on Maharashtra Minister Chhagan Bhujbal
Gratuitous loan or advance given by a company to the shareholder would come within the purview of Deemed Dividend under section 2(22)(e)
