Income Tax on transaction in Derivatives, futures and options & its Reporting

Revenue seem to believe that it is not enough for the assessee to please the deity (Income Tax Act) but must also please the priest (Income Tax Officer): Bombay High Court

“We wonder whether the officers ever bother to read before writing the reasons or recommending for approval or while granting approval”: Bombay High Court

Income Tax Department conducts searches in Andhra Pradesh (AP) and Telangana

Speculative Income & Tax Audit Provision

Deduction towards Mediclaim policy under Section 80D: An overview

Navi Mumbai CGST Commissionerate busts Input Tax Credit racket of more than Rs. 10 Crores – Arrests one businessman

Income Tax Department conducts searches in Kerala

Extension of 3 months would not serve the purpose if the technical glitches continues- Gujarat High Court in Southern Gujarat Income Tax Bar Association Vs UOI

Gujarat High Court observation in CAAS ss. UOI and the Taxpayers Expectation

MCA revises additional fees for Companies. For delay in certain filings, additional fee will go upto 18 times w.e.f 1st July 2022

If there are multiple basket & multiple option of the market rates are available then option which is most favourable to assessee needs to be adopted for determining inter-unit transfer price u/s 80-IA(8)

Bubble and Trouble of Rs. 4242 Cr – Part VI

Reversal of ITC for the reason that the supplier is fake and non existing: A welcome judgment by High Court

If two views are possible and AO has adopted one view, CIT cannot presume that “it is prejudicial to the revenue”

Delay in filing the appeal?  Don’t worry – Courts have extended the limitation period.

Transitional credit through GSTR-3B allowed by court even where Form TRAN-1 could not be uploaded

Extension of the FCRA Registration Certificate