TAX BENEFITS DUE TO LIFE INSURANCE POLICY, HEALTH INSURANCE POLICY AND EXPENDITURE ON MEDICAL TREATMENT
Assessment under section 153A is invalid if there is no independent application of mind by Jt. CIT before granting approval under section 153D
Search warrant could not be issued in respect of assessee’s locker merely because key to said locker was found during search and seizure operation conducted upon assessee’s uncle
Wecome Judgment in GST: Court directed the Revenue to either re-open the online portal so as to enable the Petitioners to file TRAN-1 Form electronically, or to accept the same manually on or before 30th June, 2021.
Notional income on advances could not be brought to tax in absence of any specific provision of the Act.
If deduction towards expenses is not denied then the liability related to such expenses can not be treated as unexplained liability or credit