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.

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