The “project completion method” is one of the recognized methods of accounting and cannot be rejected by the AO
No addition under Section 50C for a difference of up to 10% of stamp duty value on a retrospective basis
Interest income by Developer firm is assessable as Business Income & not as Income from Other Source Income: Adv. Ravindra Poojary
When an amount is credited in business books, it is not an unreasonable inference to draw that it is a receipt from business: Supreme Court
For concessional tax regime, Form No. 10- IC has to be filed within the due date of filing the returns
Improper & Hurried Order by the Officers: Tax Bar Association, Indore made an Honest Representation seeking an extension of the date of completing the Assessment
TDS done on Gross amount received from Life Insurance Companies- Whether entire amount is taxable or only the income therin is taxable?
Whether a witness can be summoned to appear outside his city of residence in case of an offence under Prohibition of Money Laundering Act (PMLA)?
Validity of Income Tax Notice not available at the income tax portal at the time of issuance but uploaded afterwards
AO has to pass speaking order while rejecting petition for stay of demand u/s 220(6): Calcutta High Court further directed for early disposal of such cases.
