“Tax Discussion in the Parliament in this winter session on 25.11.2021”

Acting Tough: Disciplinary action against 17 Chartered Accountants taken by ICAI

Be cautious: Recovery by Employer from Employee is liable for GST

” PLI scheme for the Pharmaceutical Sector”

Validity of Assessment after special audit under section 142(2A) if Mechanical approval granted by CIT just to extend limitation under section 153(1)

Unexplained creditors and addition u/s 68: Assessee had proved the payment through banking channels in the next year

Bogus Purchases: Entire purchases could not be brought to tax but only the profit element could be brought to tax

Income Tax Department conducts search operations on two major real estate developers of Ludhiana

Know information which is shown in Annual Information Statement (AIS)

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

Foreign tax credit can be claimed even when Form 67 is filed belatedly: ITAT Bangalore

Pre-Budget Memorandum for Union Budget – 2022

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?

Draft Letter for Stay of Demand by the Income Tax Officer

CBDT clarification on applicability of TDS on purchase of Goods & TCS on sale of Goods

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