Notional interest: Can interest free deposit form a part of sales consideration for calculation on capital gains?
No failure on assessee’s part to disclose fully and truly all material facts during original assessment – Whether Reassessment proeeding justified?
Validity of Reassessment on the basis of information gathered during course of statement recorded under section 132(4) from searched person by investigation wing
IT department detects massive under invoicing, while actual value could be Rs 2,000 crores, declared value is Rs 20 crores.
Bombay HC asked the Income Tax department to communicate to the Finance Minister and Team about the Casual approach of the Assessing Officers. Court may impose personal Cost on the assessing Officer in future for casual approach.
Delhi GST Commissioner authorises Senior & Junior Assistant to carry out physical verification of business
Whether professional fees paid to directors of a company may be disallowed if it is not in excess of market rate?
Whether re-opening of assessment is valid where cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A(3)?
“We are disturbed by the fact that it’s been more than two years but our directions have not been complied with” – Gujarat High Court ordered the personal presence of the Nodal Officer of E-Governance Branch of GST
Whether commission paid by an exporter to a non-resident agent and/or a foreign agent for service provided outside India for procuring orders is taxable in India?
Non-consideration of certain information during original assessment is valid ground to reopen assessment: HC
Sec. 43CA applicable even if agreement for sale was entered prior to date when said section came into force: ITAT
