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

Income Tax Department conducts searches in Delhi-NCR on Automobile Manufacturing Group, Company Operating Chartered Flights and Real Estate Groups 

ITAT: Addition based on information from FT&TR Div,Panama Papers not sustainable for lack of evidence. 

Black money provisions cannot be invoked for minor breach of law: Mumbai ITAT

GST: Availability of ITC demo Cars

Pre-Condition to deposit 20% of the disputed tax for stay of recovery proceedings can be relaxed in appropriate cases: Delhi High Court