Reassessment proceedings could not be held invalid merely on the reasoning that there was no addition made by AO on account of freight expenses of Bogus Purchase
Adjusting tax liability against purchase input to be deemed as actual payment eligible for Sec. 43B relief: HC
Selling flats at amount lesser than stamp duty justified as flats had no parking space & electricity connection: ITAT
Whether interest on late payment of TDS can be imposed on an assessee where clearance of the assessee’s cheque for TDS payment is delayed due to technical error on part of the bank?
Whetherany incriminating material found during the course of an Income Tax Search on any other person can be consideredin the assessment under Section 153A of the assessee- A study
CBDT issued another clarification on Section 194O, section 194Q, section 206C of the Income-tax Act, 1961
Revenues for the month of October 2021 are 24% higher than the GST revenues in the same month last year and 36% over 2019-20
Income Tax Department conducts search operations in Maharashtra, Gujarat and Delhi on certain Indian companies and their associate concerns, controlled by a neighbouring country