Cutoff date for purpose of determining its taxability is date when assessee was found to be entitled to receive compensation and not date when it was actually received by assessee.

No purchases can be rejected without disturbing the sales in case of a trader thus, additions should be limited to the extent of brining the GP rate on purchases at the same rate of other genuine purchases

Validity of addition under section 56(2)(viib) against issue of shares at premium if AO adopted NAV method rejecting DCF method adopted by assessee

ICAI providing Financial Assistance of Rs. 1.50 Lakhs for its members

An excellent Representation by DTPA for disposal of appeals before the CIT (Appeals), continuation of physical hearings in ITAT and other Issues

Representation BY DTPA with regard to application of old tax rates due to filing form 10IC after submitting ITR but before due date filing ITR as per provisions of section 115BAA

Allowability of deduction towards expenses incurred during interregnum period between ‘setting up’ of business and commencement of business

Circular Giving Relaxation to Assessee whose GSTIN has been canceled during 15.3.2020 to 14.3.2021 under instruction from suo moto order of Hon’ble Supreme Court.

Step by Step Guide to e file Income Tax Returns

Setting up of a Temporary Covid care Facilities eligible as CSR Activities

CAIT demands for Due Date Extension for Income Tax & GST Compliances for April – 2021

Seller not paying GST should be questioned first before denying ITC of the buyer : Thank You Madras HC

In search assessment, any undisclosed income, which can ultimately be added, is only to the extent of any unrecorded assets/material found or any incriminating documents found as representing undisclosed income earned.

Faceless Penalty Scheme, 2021 as notified by CBDT

Applicability of Stamp Duty on Power of Attorney for representation before the Income Tax & Other Departments in India

Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income

For computing the inflation cost of the asset, the date is to be reckoned from the date of allotment of the property to the assessee and not from the date on which possession certificate was issued to the assessee.

The purpose of the GST Act is lost by the manner in which tax law is enforced in our country: An Noteworthy observation by the Hon’ble Court