Principal Chief Commissioner directed to hold an enquiry against the concerned erring officers: Court started fixing the accountability
Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22): Appealed by Gujarat Chamber of Commerce & Industry
If the transactions are genuine and supported by valid documents then the ITC cannot be denied: Calcutta High Court
No Date Extension? 3.59 crore Income Tax Returns filed on the new e-filing portal of the Income Tax Department
ITC can be availed on plant & machinery as defined in the explanation to Section 17 i.e., on apparatus, equipment & machinery fixed to earth by foundation or structural support
TDS mechanism cannot be put into practice until identity of the person in whose hands, it is includible as income can be ascertained.
National Chamber of Industries & Commerce, U.P. gave elaborated Pre Budget Memorandum to the Finance Minister Smt. Nirmala Sitharaman: Represented for taxation of agricultural income in the hands of the corporate
Loss on account of forfeiture of advance if incidental to the business of the assessee is allowable as a deduction
Reassessment Notice issued after 01/04/2021 without following new procedure quashed by Delhi HC: Biggest relief to the taxpayers
Assessee not liable to pay Income Tax as property belongs to HUF of Assessee and not individual: ITAT
Clarification of holding of Annual General Meeting (AGM) through video Conference (VC) or Other Audio Visual Means (OAVM)
