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

Empanelment of Chartered Accountant/Cost Accountant for Audit U/S 66 of RGST & CGST Act, 2017. 

The tax authorities should not get over zealousness to protect the interest of the revenue, 20% pre- deposit is not mandatory for stay: HC

MONETARY PENALTIES TO BE IMPOSED BY AN INSOLVENCY PROFESSIONAL AGENCY ON ITS MEMBERS

INTELLECTUAL PROPERTY RIGHTS

Section 44BB & the services or facilities provided by a non-resident assessee vis a vis TDS provision

Is ITC available on Insurance and repairs & maintenance of Vehicles ?

If credit is there in the business account, it is “Income from Business: SC

Reassessment notices issued u/s 148 after 01.04.2021 quashed by Madras High Court also

Minimum seven working days advance notice of such personal hearing should be granted: Bombay High Court

CBDT releases observation on IT search at BMC contractors and a prominent person in Mumbai

Validity of Rejection of books of accounts u/s 145

Job work services undertaken by the applicant on the materials belonging to other registered persons are taxable at 12%.

Income Tax Authorities could not be asked to hand over documents to Police. 

Calcutta HC ordered the refund of tax and penalty levied for expiry of one day in the e-way Bill

Theory of Human Probability

The existence of books of account is a condition precedent for invoking of the power of addition under section 68