Controversy: Capital Gain Exemption & Taxation of Joint Development Agreement u/s 45(5A)

Validity of addition if AO had not brought on record any material to show that cash deposited in bank accounts of the creditors belonged to assessee and, was a case of round tripping of unaccounted income of the assessee

Since Assessee had not shown any agricultural income in his return of income, he was not justified in claiming exemption from the capital gain tax: ITAT Delhi

“RBI SPECIAL LIQUIDITY SCHEME FOR NBFCS AND HFCS”

All Recent Amendment & Changes in Income Tax: A Compilation:

Levy of fees u/s 234E is mandatory in nature and cannot be imposed as per discretion of AO

Before you cancel your GST registration: GST Impact

Deduction u/s 10AA not to be allowed on enhanced profits arrived after considering the disallowance u/s 69C, in view of legal position clarified by CBDT.

Capital gain exemption if amount is deposited in SB A/c transferred to fixed deposit account & no evidence exists to prove the investment of amount in capital gains deposit account account

“Corporate Compliance Calendar for the m/o July, 2020”

Allowability of expenses pertaining to earlier years if same is crystallized during year

Addition u/s 68 towards Advances received for booking of commercial space

Reassessment & Reason to believe : Reopening on information has investigation wing

GST: Interest on delayed payments chargeability if Revenue levied interest upon assessee under section 50(1) without assigning reasons

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020

No denial of Sec. 54F relief if new house was used for commercial purpose though sanctioned for residential purpose

Income from renting of commercial property, owned by assessee is ‘Income from house property’ or ‘Business Income’?

Last date of Payment under Sabka Vishwas (Legacy Dispute Resolution ) Scheme, 2019 is 30th June 2020