Interest on fixed deposit received during trial run is a capital receipt which will reduce the cost of asset

Landmark Judgment: Opening balances can not be treated as unexplained cash credit u/s 68

Investment in the name of wife and submission of Form No. 15G/15H

Landmark Judgment: Expenses incurred for earning remuneration from partnership firm is an allowable expenditure

GST: Detention/Confiscation of goods alongwith conveyance & scope of powers under section 129 and 130

Adjournment granted on the pleading of the counsel that “Mood of the court is not Good”

Budget 2020: Whether Concessional Income Tax Rates benefit would be available if the income tax return is filed belatedly U/s. 139(4)

New Proposed Time Schedule for Registration, Approval or Renewal of Charitable Trust with the Income Tax Department as proposed by Finance Bill – 2020 [U/s 12AB or U/s 10(23C)

TDS provision when income is subject to clubbing Provisions: In whose name TDS is to be done?

Though the assessee has not proved the genuineness of the purchases and sales, yet if the AO has accepted the sales, the entire purchases cannot be disallowed.

Purchase of property below its stamp duty valuation: Amendment done w.e.f AY 2014-15 will not apply to a purchase transaction of immovable property for which full consideration in the pre-amendment period.

GSTR 9 and 9C Option available for the FY 2018 – 19

No disallowance u/s 40(a)(ia) for short deduction of TDS

CBDT condones delay in filing Income Tax return & Form No. 9 & 10 by Trust for AY 2016-17 onwards

Guidelines for Selection of Cases for Scrutiny for FY 2019-2020

Salary to partners would be as mutually agreed between partners” & allowability of the same in the hands of the unregistered firm u/s 40(b)

Delhi HC recalled ‘Look Out Circular’ issued against CA

Validity of Confiscation of goods and vehicle if Petitioner paid substantial amount of tax