Heavy Cash Deposits in the Bank: Adition not sustainable if the taxpayers submits the plethora of evidences and AO failed to justify its non genuineness
Inflated Purchases, unrecorded sales, accommodation entry etc revealed in Income Tax Raid in Bihar & Jharkhand
New Form 26AS – Roll out of new Annual Information Statement (AIS) to contain more information and features
Whether the amendment to the provisions to section 43B and 36(1)(va) of the Act by the Finance Act, 2021, has to be construed as retrospective and applicable for the period prior to 01.04.2021 also?
Faceless assessment order set aside as time frame provided to assessee was too short to respond to Show Cause Notice (SCN)
Navi Mumbai Commissionerate detected Rs. 12.9 crore of non-payment of GST relating to erection, commissioning, repair & maintenance services: CBIC Chairman to the officers
Withholding of IGST by department on the ground of pending investigation: Bombay HC directed department to refund it expeditiously
Unaccounted income of Rs. 200 Cr found during Income Tax Raids in Punjab: Bogus Intra group Transactions, Use of employee’s account for receiving fund, etc
No rectification of error permissible in GST: All the Taxpayers has to be extra careful as Bharti Airtel’s Plea for refund of Rs.923 Crore rejected by Hon’ble Supreme Court
No incriminating materials found or seized at the time of search – No justification for the initiation of assessment proceedings U/s 153A: Orissa High Court
