Income Tax Officer cannot disregard the transaction just because it results in a tax advantage to the assessee.

Fraud reporting by Auditor & Penal Consequences for non-reporting on the auditor

Kerala HC also admit petitions challenging the validity of faceless assessment procedure under Income Tax

Non issuance of Show Cause Notice and Draft Assessment Order is violation of Section 144B: Court set aside the order

Legitimate Tax Planning is not illegal

Related Party Transactions By CS. Devershi Gupta

Module wise new functionalities deployed on the GST Portal for taxpayers

Rights & Duties of the Taxpayers

GST on sale of Plots: Landmark Ruling by AAR, MP

DGGI Meerut Zonal Unit found entity engaged in supply of Laminates to many non-existent/dummy firms having taxable value of more than Rs. 5000 crores [ITC of Rs.900 crores (approx.)]

Revisiting New Tax Regime for individuals and Hindu undivided family

Income Tax Department Raids in Dairy Group at Pune revealed unaccounted income of Rs.400 Cr

Sweat Equity: By CS. Devershi Gupta

What is TDS under section 194J?

Income Tax Rules provide for maintenance and retention of books of accounts only by person carrying on specified profession

The Landmark Judgment: Rajasthan High Court quashes 148 notices issued on or after 01/04/2021.

Business transaction are not in the nature of loan or advances and cannot be taxed as Deemed Dividend u/s 2(22) (e)

Rs. 74 Lakh Crore collection of excise duty from fuel in last five years