Land under the aegis of a town planning authority but administered by a gram panchayat is not a capital asset: ITAT Ahmedabad

Section 54 & 54F exemption dependent on date of acquisition & not payment

CBDT notifies e-Verification Scheme, 2021

A statement recorded during the course of search cannot be considered an incriminating material in order to make addition in an unabated assessment year

Interest on income tax refund not taxable if at the time of regular assessment demand has been raised against the assessee and refund u/s 143(1) is wiped off.

Severance Pay received by employee for loss of job is capital receipt & not taxable under the Income Tax Act

Provision for ‘sales incentive’  is deductible under Sec. 37(1): Bombay  HC

Payment to UK company for providing access to software to member firms is not taxable: Delhi HC

CBI arrested CGST officer in a bribery case

A well elaborated and apt Pre Budget Memorandum by DTPA, Kolkata

Sale of Agricultural Land is not liable for capital gain tax if it is not a capital asset

Gifting of “Brand” to corpus of Private Trust is not taxable: ITAT Mumbai

An Excellent Representation for Extension of Date of ITR by Chartered Accountant Association, Jalandhar

Taxability of Minor Income

ITC cannot be availed on works contract services for construction of an immovable property except for erection of plant & machinery.

Supply of Bill without supply of Goods: Fake ITC Bill Racket busted by CBST Mumbai of Rs. 3000 Cr

Whether Rotary / Lions/Jaycees etc liable fro GST on contributions from the members for meetings and other petty administrative expenses

No TDS if the payee is not-identifiable