If reimbursement had no income element embedded in it, assessee would not be liable to deduct tax at source
No addition u/s 115BBE if the income is offered during the course of search and survey without anything unexplained
TDS on purchase of Goods under section 194Q of Income-tax Act, 1961: Guidelines issued by the CBDT to clarify its applicability
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
