“SEBI EXTENDED TIMELINE FOR SUBMISSION OF FINANCIAL RESULTS ENDED ON 31ST MARCH 2020 TILL 31ST JULY 2020”

GST : The period of 7 days prescribed in rule 159(5) of the CGST Rules for moving the objections to the provisional attachment is merely directory and not mandatory

“SEBI OPERATIONAL FRAMEWORK FOR TRANSACTIONS IN DEFAULTED DEBT SECURITIES POST MATURITY”

Gift to unrelated person was not a normal human behavior : Merely because money had come through banking channels, genuineness of the transaction was not established.

No Revision under section 263 if AO had made specific enquiry into loan transactions of assessee based on the CASS parameter.

No concealment penalty just because claim of deduction of bad debts was found inadmissible

“MCA EXTENDED TIMELINE FOR NAME RESERVATION AND RESUBMISSION FORMS – BEYOND 30TH JUNE 2020”

Income Tax Search and Seizure : Legality of Prior approval of Joint Commissioner for assessment in search cases under Section 153D of the Income Tax Act’1961

GST: Activity of development and sale of land attract tax under GST?

GST: Major set back for the real estate Industries – Sale of developed plot now liable for GST

Sec. 115BBE couldn’t be applied through rectification if no sec. 69 additions were made during assessment

Bombay HC allows deduction of ‘Education Cess’ while computing income chargeable under PGBP

No Income Tax on settlement or waiver of Working Capital Loan

Transitional Credits: Tran 1 can be filed till 30 June 2020 despite retrospective Amendment-Delhi HC

“NOTE ON FORM NFRA -2 : AUDITOR’S RETURN”

Revised Dates of Tax Compliances post Covid 19

Business of providing Accommodation Entry: Not entire deposits liable for taxation

Residential property used for commercial purpose & Claiming of capital gain exemption u/s 54F