Whether AO must take income declared by assessee in original ITR as returned income while computing income u/s 143(3) instead of assessed income u/s 143(1) ?
Recognition to Company Secretary in Practice under the IFSC Authority (Registration of Insurance Business) Regulations, 2021
Sale of land after development by way of erection a civil structure or a building or a complex then such supply is liable to tax under CGST/SGST Acts
Notional interest: Can interest free deposit form a part of sales consideration for calculation on capital gains?
No failure on assessee’s part to disclose fully and truly all material facts during original assessment – Whether Reassessment proeeding justified?
Validity of Reassessment on the basis of information gathered during course of statement recorded under section 132(4) from searched person by investigation wing
IT department detects massive under invoicing, while actual value could be Rs 2,000 crores, declared value is Rs 20 crores.
Bombay HC asked the Income Tax department to communicate to the Finance Minister and Team about the Casual approach of the Assessing Officers. Court may impose personal Cost on the assessing Officer in future for casual approach.
