Input Tax Credit & dummy and sham firms – fake and fabricated invoices without supply of any physical goods

Constitutional validity and legality of section 194N of the Income Tax Act, 1961 challenged- Interim Stay Granted to the petitioner

“Mistake apparent from the record” for the purpose of section 154 & 254(2)

Income Tax Raids in Surat revealed unexplained investments of more than Rs. 200

Respected FM, Please Extend the Dates in Advance

Only when there is a genuine liability and there is cessation of such liability or it is written off in the books of account, then section 41(1) can be applied.

Validity of addition on the basis of statement recorded of third-party without incriminating material found during search

Landmark Judgement : If loan was not received during the relevant assessment year, no addition can be made under section 68

Validity of Reassessment if there is a failure to disclose fully and truly all material facts

Accountants Salary: Disallowance u/s 40(a)(ia) if Assessee failed to establish employer-employee relationship

Even if the assessee does not maintain books of account, under general principles Assessee is bound to explain the nature and source of a receipt.

Income Tax Raids in Chennai revealed unaccounted purchased of Rs. 150 Cr

Annual General Meeting and its Matters

The use of word “May” in section 68 should be distinguished from the word “Shall”

No addition u/s 68 Sustainable if the creditors are paid in subsequent years through banking channel

No Date Extension? More than 3 cr Returns filed so far

Income Tax Raid in Ahmedabad revealed unaccounted transactions of Rs. 500 Cr

The Controversy settled: Applicability of TDS on Purchase of Coal or Scrap after declaration in Form No. 27C