Deposit of electricity duty in no-lien escrow account do not satisfy the conditions of payment for the purpose of Section 43B of the Income-tax Act 1961
AO should not take a call on how the assessee should organise his fiscal affairs so as to serve the interests of revenue authorities. : Mumbai ITAT
Letting out of the land independently which is part of the business asset of the assessee can be treated as income from business only
CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF CBI REGISTERS A CASE AGAINST POSTAL OFFICIAL ON THE ALLEGATIONS OF MISAPPROPRIATION OF RS.1.62 CRORE (APPROX) AND CONDUCTS SEARCHES
Standard Operating Procedure (SOP) for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration under section 30 of the DGST Act, 2017 and rule 23 of the DGST Rules, 2017 – reg.
Reason for reopening” is the document which requires threadbare analysis and careful consideration: Bombay High Court
“This is a fit case where this Assessing Officer should be saddled with substantial cost to drive home a message that this kind of attitude will not be tolerated ever”: Bombay HC in a case decided under faceless assessment scheme
No addition under section 68 possible for cash deposit in the bank account if taxpayer is following presumptive scheme of taxation
INCOME FROM UNSOLD FLATS SHALL BE TREATED AS BUSINESS INCOME OF THE DEVELOPER AND NO INCOME FROM HOUSE PROPERTY ON THE BASIS OF ANNUAL LETTING VALUE OR NOTIONAL VALUE OF RENT.
AO should deal with each objection and give proper reasons for the conclusion for section 148 Reassessment: Bombay HC
Any disallowance computed under section 14A pertaining to computation of income under normal provisions of the Act cannot be read into provisions of section 115JB
