GST: Without initiation of any adjudication proceedings, no recovery proceeding under Section 79 of the Act can be initiated for recovery of the interest amount.
Suspicion, howsoever strong, could not be reason for making additions and it could not replace evidence on record
SYNOPSIS OF ALL THE CHANGES IN ITR- 1 to 7. Also know the changes in the ITR-V mechanisms in the new ITR filing Rules
TaxAuthorities have power to declare transactions as Impermissible Avoidance Arrangement : Time to avoid aggressive tax planning
GST : Order for release of vehicle could not be passed if assessee failed to discharge the burden envisaged under the Act
Initiation of penalty proceeding on one ground and levying of penalty on different ground : Interesting Observation as to validity of Penalty Imposition
Addition under section 68 : No particular occasion required for gifts made out of natural love and affection
Interest expenses on loan advanced to sister concern at nil rate for earning interest income & AO allegation of commercial expediency
If Assessee has inserted some figures, which are not in coherence with the other figures in the income tax return, it is a mistake apparent from the record which can be rectified u/s 154
Business disallowance under section 40(a)(ia) for Non-deduction of tax at source on Retainership fee paid by assessee & shown as salary by recipient in their return
