There is neither any precondition nor an eligibility criteria which mandates that the assessee should have taken possession of the property for claiming deduction towards Housing Loan Interest U/s 24(b).

Section 89 relief is available on pension recovered back also?

Execution of unregistered Joint Development Agreement with an irrevocable Power of Attorney in favour of the Developer do not result in capital gains liability.

Attachment of property including bank account of a person even if provisional was a serious intrusion into the private space of a personal property.

Appointment of Chartered Accountant Firm as Internal Auditor of PFRDA for the F.Y.2021-22

If the taxpayer had substantiated with evidence regarding identity and creditworthiness of share applicants and genuineness of transactions, no addition u/s 68 was called for.

Borrowed money invested in equity & Disallowance of interest expenses under section 36(1)(iii)

Onus to prove source of amount credited in accounts books lie with the assessee failing which it will be treated as undisclosed sources income.

In case of Charitable trust, even if there is a violation of section 13, entire exemption under section 11 and 12 cannot be forfeited

Issue of sec. 148 notice under old provisions; Calcutta HC admits writ challenging validity of TLA Act, 2020

Wrong Claim for Income Tax Deduction can’t be a reason to invoke Penalty u/s 271(1)(c)

“ANNUAL COMPLIANCE FOR SECTION 8 COMPANIES”

If Long Term Capital Gain declared by the assessee is genuine, it can not be assessed as unexplained cash credit under section 68 of the Act.

Whether assessee can make fresh claim during assessment proceeding?

DGGI’s Meerut Zonal Unit detected case of short payment of GST of Rs. 180 crores on composite supply of Works Contract Services where the taxable value was not shown correctly: CBIC Chairman

If is found that some of the audit procedures detailed in the SAs were not in fact complied with, it may tantamount to the auditor making a deliberately false declaration in his report and the consequences for the auditor could be very serious indeed: NFRA

Income Tax Raids on four major Steel Rolling Mills Groups Maharashtra.

Taxation of Gratuity taxable on superannuation?