Validity of penalty levied for non maintenance of books of accounts on the basis of statements given during survey if the audit report was furnished at the time of filing income tax return

Once it is established that order u/s 263 was made/passed within 2 years, such an order could not be said to be beyond the period of limitation prescribed u/s 263(2).

Allowability of Depreciation on Server, storage and accessories procured by aasessee on lease

Reassessment quashed as there was tangible material in possession of AO at the time of reopening and re-pening based merely on CIB Report alone

Lifting of provisional attachment without providing reasonable opportunity to revenue is not justified: Madras HC

Disallowance of debit in electronic credit ledger under Rule 86A of CGST Rules, 2017 vs. Recent Guidelines by CBIC

CBDT notifies ‘E Settlement Scheme, 2021’ vide Notification No. 129/2021-Income Tax Dated: 1st November, 2021.

Unaccounted income exceeding Rs. 200 crore found in Income Tax Raid in Jammu & Kashmir and Punjab

Withholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously

Income assessed by CPC cannot be taken as Returned income while passing assessment order u/s 143(3)

Default of employee and liability of the Directors / Promoter: Liability of punishment if default is committed by the Company?

Credit, of inputs / capital goods and services utilized in fabrication, erection, installation of towers and shelters by the appellants is admissible

If no incriminating material were found or seized at the time of search, there is no justification for the initiation of assessment proceedings under Section 153A

Unaccounted income exceeding Rs.50 crore in the Income Tax Raid in Rajasthan

CBDT notifies Income Tax Exemption for School Employees Retirement System of Ohio on eligible Investment Made in India

Maintenance of the books of accounts for Income Tax Law: Requirements & Exclusions

Are you looking to buy a house, buy it during this festive season to reap more benefits? By Balwant Jain

Guidelines for disallowing debit of electronic credit ledger under Rule 86A of the CGST Rules, 2017