Amendment brought by Finance Act, 2021 to section 36(1)(via) and 43B, whether prospective or retrospective in effect?
Disallowance under section 14A if Assessee’s own funds exceeded investments & Assessee did not earn any exempt income during the year
Section 171(1) makes it very clear that it is applicable only where a Hindu family was already assessed as an Hindu Undivided Family (HUF)
Form 27BA Received: There is no justification for AO’s action of levying penalty u/s 271CA by treating the person as assessee in default.
Sale consideration against property not paid but retained in Escrow Account: Tax implication while computing capital gains u/s 48
The word “wilful attempt” cannot be inferred merely on failure to pay tax in time for prosecution proceeding u/s 276C : Madras HC
The tax authorities should not get over zealousness to protect the interest of the revenue, 20% pre- deposit is not mandatory for stay: HC
Section 44BB & the services or facilities provided by a non-resident assessee vis a vis TDS provision
Minimum seven working days advance notice of such personal hearing should be granted: Bombay High Court
