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
A welcome Judgement: Delhi High Court stays the order passed without giving opportunity asked by the taxpayers due to lockdown
Full Income-tax exemption for amount received by the taxpayer for medical treatment for treatment of Covid-19: Human Touch by CBDT