CBIC issued Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19

Sale deed done with Post Dated Cheque & Year of Taxation

Foreign Tax Credit (FTC) cannot be disallowed for delay in filing Form 67: Bangalore ITAT

Cash deposited in the bank out of the sale Proceeds and its Taxation u/s 68

All About Assessment Unit (AU) under the Faceless Assessment Scheme

Notice Dated 31st March, Email done on 16th April:  Reassessment proceeding U/s 148 quashed by MP High Court

All About Review Unit under the Faceless Assessment Scheme

The third person evidence cannot be base for addition on the basis of any entries therein

Supreme Court judgement in the case of Totgars Co-operative Sale Society Ltd., v. ITO cannot be blindly applied to all the co-operative society.

Income Tax Search and Seizure: “Insertion of Section 79A”-Plugging of lacuna by the Finance Bill 2022

The Shock: Loss from transfer of one Crypto Currency WILL NOT be SETOFF against profit of another

Immunity from penalty U/s 270A

Section 148 and Issuance of Notice Vs. Electronic signing and uploading of the Notice

Assessee cannot be treated as assessee in default for not collecting TCS if declaration from the buyers as per provisions of section 206C(1A) of the Act is furnished to the seller

Penny Stock: No incriminating evidence No Addition – ITAT Mumbai

Taxation of Trust & NGO: Amendment by Finance Bill – 2022

Processing for trading is not qualified for exemption from TCS provision U/s 206C(1)

Order under section 119 of the income-tax Act, 1961 (the Act) providing exclusions to section 144B of the Act.