Business income under section 41(1) vs. Liability outstanding for more than three years

Applicability of section 40A(2)(b) in case of estimation of income without doubting expenses incurred by assessee

Classification of goods & Rate of tax on Green Pepper picked from vine

The extension of date for filing of accounts with Maharashtra charity commissioner office has been decided up to 30th November.

Only 23.04% of the taxpayers have filed their GSTR-9 as on 30.09.2020

No coercive recovery from Deductee if the TDS is not deposited by Deductor

Extended due dates Chart under the Income Tax Act – 1961

Vivad se Vishwas Scheme: Government relaxed the time for payment to to March 31st, 2021, Deadline of 31st December for opting it remains the same

Accumulation of 15% of income u/s 11 couldn’t be regarded as obligation envisaged in law

Income Tax Raid at Srinagar : Rs. 105 Crore unearthed

“Adjacent Flat” is “one” House property for capital gain exemption

If prior period expenses include excise duty, payment of such duty is eligible for deduction u/s 43B

TDS Credit if the amount is getting reflected in the 26AS of the next year

Partial withdrawal from National Pension System (NPS) to the extent of 25% of amount contributed is not taxable

What if Property let out to certain company for business purpose but no rent shown to be collected?

Validity of addition under section 50C if no reference is done to valuation officer despite being request made by assessee

Bogus purchase & Tax Impact: An observation in the case of Ilesh Amrutlal Gadhia Vs DCIT by Mumbai ITAT

SUMMARY OF KEY FINDINGS AND RECOMMENDATIONS IN THE CAG’S PERFORMANCE AUDIT REPORT ON INCOME TAX SEARCH AND SEIZURE ASSESSMENTS (Report No.14 of 2020)