It is mandatory to file revised form 36 after death of assessee, as appeals cannot continue for or against a dead person.
Compensation paid under the National Highway Act, 1956 cannot be given the benefit of section 96 of the RFCTLARR Act, 2013, therefore, receipt from the land acquisition shall be taxable in the hands of assessee.
Uses of word ‘may” in section 144B(7)(vii) cannot absolve revenue from obligation cast upon it to consider request made for grant of personal hearing;
New Information for Statement of Financial Transactions: Interest Income, Dividend Income and Capital Gain Income of Mutual Funds & Shares
After 1-4-2021, assessment order can only be passed in consonance with provisions of Section 144B; assessment order dated 15-4-2021 passed by revenue under section 143(3), read with Sections 143(3A) and 143(3B) relating to assessment year 2018-19 was set aside
Interest Income can’t be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT
There is no warrant to select the head of income so far as the computation of the permissible amount of deduction of the remuneration under section 40(b) is concerned.
Mere procedural delay in reversing credit in GSTR-3B will not disentitle appellant from claiming refund of CENVAT credit: Bangalore CESTAT
HC sets aside order as National Faceless Assessment Centre didn’t consider objection filed in response to SCN
An overview of Date Extension for Income Tax Compliance: No Date extension for TDS on purchase u/s 194Q
