Property advance cannot be treated as “Deemed Dividend”

Bombay High Court admits writs challenging the validity of Sections 49, 50CA and 56 of the Income Tax Act, 1961 & Rules 11U, 11UA, 11UAA, 11UAC and 11UAD of the Income Tax Rules, 1962

Finally, Tax Audit Report & Income Tax Return Filing Date Extended

“Please Don’t Extend the date…” : An open Letter by the taxpayers who is looking for better tax administration in the country

CBDT released 724 pages Detailed Instructions for filing ITR forms

Dear Taxpayer, please note that reopening of assessment by income tax officer simply because of information received without application of mind is not valid

GST: Consumables sent on job work consumed in the process of galvanising should be treated as supply in terms of section 143(3)?

Landmark Judgment :Addition deleted by court as it was made under section 68 and not under section 69:

Interest received in advance on discounting of bills against LC is taxable on accrual basis: Madras HC

Addition under section 69C against Bogus purchases if there is no dispute as regards corresponding sales

If Assessee has collected the amounts from its customers as a contingent liability towards tax, it would partake of the character of trading receipts even if described as deposit.

Delhi HC admits petition challenging Faceless Assessment Scheme

Tax Audit Date Extension: Court is the only Option for the taxpayers

Dear Taxpayer, if you have deducted tax at source but failed to credit the same to government account within prescribed time then you could not escape from the rigour of prosecution under section 276B.

Validity of Levy of IGST and penalty : E-way bill not generated for movement of goods

CBDT introduced checks for recovery proceeding, asked to strictly adhere to the Second Schedule of the Income-tax Act

Classification of supply: Repairing and servicing of transformers owned by another person-Whether job work or composite supply?

No disallowance u/s 43B if the tax is not debited to the P & L Account