Capital Gain Exemption & Reinvestment made in the name of assessee alone vis a vis in the name of Wife or in the name of son: Interesting case by Pune ITAT

Installation of Intelligent Transport System is Composite Supply of works contract or not?

Independent Auditors Report in view of COVID 2019: Suitable qualification to safeguard professional interest

Prior period expenditure & it’s Set-off against prior period income

“Since no valid reasons existed about escapement of assessee’s income, AO was not justified in taking recourse to provisions of section 147”- Pune ITAT

Profit on sale of land shown as fixed asset in balance sheet is Business income or Capital Gains income ?

New TDS & TCS Rates Applicable from 14.05.2020

New TDS & TCS Rate under the Income Tax Act – 1961

Package under Atmanirbhar Bharat Abhiyan announced on 13-May-2020

Whether Profit and loss account can be books of account for the purpose of section 68 of Income Tax ?

New Tax Relief announced by the Finance Minister

Validity of Reassessment if AO rejected objections against reopening without passing speaking orders

Allowability of Unabsorbed depreciation set off if Assessee discontinued business in earlier years

Revenue could not avoid processing of return under section 143(1) and granting of refund to assessee on ground that notice under section 143(2) had been issued to assessee

Section 80G deduction on donations made to ‘Shri Ram Janmabhoomi Teerth Kshetra’

Changes in the TDS & TCS Provisions by the Finance Act – 2020

Addition could not be made under section 69A for unrecorded sales, which were duly recorded by the assessee and income determined accordingly: ITAT Kanpu

Dismissal of assessee’s appeal by CIT in summary manner without deciding on merit is not tenable