Finer point of income tax laws of personal taxation one should be aware of BY Balwant Jain

Unexplained cash credit u/s 68: If the Department has accepted the factum of repayment, the additions under section 68 is not sustainable in law.

Section 55 of Income Tax Act : Can Assessing Officer Reject , the valuation report ?

Income Tax raid on Pharma groups unearths unaccounted income of Rs 550 Cr

Taxation of Income from Stock Market

Cash seizure of over Rs. 142 crore in searches of Income Tax Department in Hyderabad

Mere delay in enclosing a certified copy of order appealed against along with the appeal should not come in the way of assessee’s appeal for being considered on merits

Assessment order quashed as the password for the Video conference link was not provided

GST on milling of wheat into flour or paddy into rice for distribution by State Governments under PDS

Income Tax Raids reveals services of a Dubai based financial service provider to create a dubious and complex web of foreign companies and trusts

Search is qua a ‘place’ and not necessarily qua the ‘Assessee’. Survey by its very nature could be of the entity and any place from where such entity may operate.

ERRONEOUS INTIMATIONS ISSUED U/S 143(1)(a) of INCOME TAX ACT, 1961 BY KSCAA.

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th October, 2021

While the words of an enactment are important, the context is no less important: Supreme Court

Further entries in the Diaries, note books and file containing loose sheets paper not in the form of “Books of Accounts”

Revision order u/s 263 of the Income-tax Act,1961 has to be served within two years?

The Term “Month’ is to be interpreted as period of 30 days and not British calendar: Mumbai ITAT

An Apt Representation by KSCCA on Erroneous Intimations Issued U/s 143(1)(a) of Income Tax Act, 1961