Taxing cash deposits without giving corresponding credits to the withdrawals is not justified especially where the assessee was a small trader
Section 44AD : Assessee’s request to restrict the rate from 8% to 3% on the contract receipts which was never substantiated by the books of accounts nor was a part of the provisions, can not be entertained
AO can not reopen the assessment based on material which was already available at the time of passing the original assessment order
Receipts from the sale of teak trees which were removed together with their roots constitute capital receipt: CA Naresh Jakhotia
GST Rate : Licensing services for the right to use minerals & Royalty paid to Government of Uttarakhand
What about Capital Gain exemption if the new house property is purchased in joint name with someone else? – CA Naresh Jakhotia
Whether assessee liable to pay capital gains tax if Bank sold the property of group concern as it failed to repay
Person doing B2B transactions of more than 95% not liable for section 269SU compliances : CBDT Clarified.
A compilation of facilities and enhancement offered by various Nationalised Bank offered due to COVID-2019: An excellent compilation by CII
Avail number of benefits by doing MSME Registration : Procedure for MSME Registration for Business organisation
Validity of Addition under section 68 if cash deposits in bank account made out of cash balance brought forward from earlier year
Taxation of creditors were outstanding for more than three years on the ground that the period of limitation prescribed under Limitation Act had expired vs. Section 41(1)
