Bringing the textile Industry again under tax net itself was a big blow to the entire textile Industry.: CAIT
Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable
Validity of order if CIT invoked jurisdiction under section 263 on the issues other than those decided in limited scrutiny assessment under section 143(2)(i)
Penalty if Assessee, the Co-operative Bank, accepted deposits in cash exceeding Rs. 20,000 from its members which is prohibited under provisions of section 269SS
To assess tax on the assets seized during search, there is no necessity for extending assessee the benefit of cross-examination of witnesses.
Validity of revision under section 263 if no reference is made by AO to TPO as regards specified domestic transaction
Clarifications on operation of PM CARES for Children Scheme, 2021 and circulation of provisional Accounting Procedure for ‘PM CARES for Children Scheme-2021