No violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)

No penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency

Appreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd

Income Tax Return filing Fees may be introduced by Budget – 2022?

Unsecured Loans: If assessing Officer had already made detailed enquiries in respect of loan received by assessee, Revision order deserved to be set aside

Payment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be genuine

Faceless assessment does not take away the right to personal hearing: Delhi HC

Whether GST shall be included while  calculating the gross turnover or receipt for calculating income u/s 44AD or 44ADA?

MFN clause will prevail over TDS rates mentioned in DTAA: Delhi HC

SLP filed in Supreme Court against order of Allahabad High Court quashing reassessment notices u/s 148

Gujarat High Court quashed the Confiscation Notice GST MOV-10: Held that goods in transit cannot be confiscated on the grounds of Under-valuation and Wrong Route.

Importance of giving opportunity of personal hearing during Faceless Assessment 

Upcoming functionality – Interest Calculator in GSTR-3B

Gujarat HC asked CBDT to extend the audit report filing date to 15th March if technical glitches continues 

“RBI notified Retail Direct Scheme – Market Making”

DGGI Officials bust network involving fake invoices worth more than Rs 4,500 crore; 1 held

High Court imposed penalty on the GST Department for unnecessary harassment by demanding electricity bill for granting GST Registration.

Amount of Rs. 2.50 Lakh deposited by senior citizen of 80 years of age cannot be doubted considering his past returns: ITAT Bangalore