Depreciation on Intangible asset & Right to collect toll

Landmark Judgment: Section 40(a)(i) and (ia) provides for disallowance only in respect of expenditure, which is revenue in nature, therefore, the provision does not apply to claim for depreciation

Union Budget – 2021: New Regime of Re-Asessment

Frequently asked questions on QRMP scheme

Noting in a diary couldn’t be ground for sec. 69A additions unless same is supported by corroborative evidence

No recovery by any mode or adjustment of ITC should be made at the time of search/inspection under Section 67: Gujarat High Court

ICAI & ICSI warns Members, Not to use Social Media to Troll Government, Warns Penal Action

Disallowance under section 40A(3): Capital expenditure incurred in cash in acquiring fixed assets

Ready to cook popcorn premix would be classifiable under heading no. 20081990, taxable at 12%

Income Tax Department aggressively opening up the case of above Rs. 50 Lakh Tax Evasion

Validity of Addition under section 68 if Cash found short during search

Govt notifies Startup India Seed Fund Scheme

Club membership dispute can’t be decided by NCLT: Delhi High Court

AAAR ruling on rental income and notional interest on the security deposit

Section 50 of IT Act does not cover transfer of leased rights

Union Budget – 2021: Taxation of Interest on Employee Provident Fund & ULIP

No relief against arrest if involvement found in fake invoicing during investigation: Bombay HC

SOP for implementation of the provision of suspension of Registration under CGST Rules -2017