Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE

Dear CA, Non validation of audit report at income portal would result in treating it as invalid, to attract provisions related to non-compliance.

Union Budget – 2021: Few Amendments related to Businesses

In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid

If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then strict disciplinary action should be initiated against the concerned officer: Gujarat HC

Irregularities during search proceedings: Officer assured court that there would be no such complaint in future

Income Tax Raids in Bengaluru : Rs. 402 Cr of Disclosure

Request for Extension of Due Date of GST Annual Return

Validity of Detention of goods if Value quoted in invoice lower than maximum retail price of goods

Taxation of Employee Stock Option, whether perquisite under section 17, if option was granted when employee was NRI

Validity of Assessment under section 153A if no incriminating material found during search

EXAM DATES for CA May 2021 Announced

CBDT notifies amendments in Faceless Assessment Scheme

FSSAI notifies Alcoholic Beverage Standards’ amendment Regulations

Alternate Mechanism for resolving SB005 error for IGST refund extended on permanent basis with fee

Rating of Audit Firms to reduce the risk of Fraud

Rs 1500 cr undisclosed income detected with the gutka producer:

Advocates enrolled with Bar Council must be allowed to register as professionals on MCA portal for Co. registration: HC