Landmark Judgment : Addition on non-CASS issues is NOT sustainable if AO has not obtained approval from Pr. CIT/CIT for COMPLETE scrutiny

Detention of the vehicle carrying the goods cannot be justified on the ground of non filing of GSTR 3B returns.

Interesting Judgment: No Purchase deed executed – Whether Capital Gain exemption is admissible?

Amount in capital Gain Deposit Account Scheme (CGDAS) not utilized fully- Whether taxable or tax free as the wordused is “amount is not utilized wholly or in part”

Requirement for appointment of company secretary for a private limited company – Threshold limit increased from Rs. 5 Crores to Rs. 10 Crores

Landmark Judgment on GST : InputTax Credit (ITC) cannot be denied on procedural grounds

CBDT condones delay in filing of Form No. 10B for assessment year 2018-19 and subsequent years.

Landmark Judgment : Addition on non-CASS issues is NOT sustainable if AO has not obtained approval from Pr. CIT/CIT for COMPLETE scrutiny

CS appointment limit increased to Rs. 10 Cr. from current limit of Rs.5 crs

Validity of assessment after initial issue of Notice u/s 143(2) by non jurisdictional AO

6 Key changes in New ITR 4 (Sugam) for AY 2020-21

Calcutta High Court denies the bail of Chartered Accountant in consideration of the gravity of the economic offence

Is it compulsory to make the payment of tax before filing an appeal with Commissioner of Income Tax (Appeal)?

The Central Board of Indirect Taxes and Customs (CBIC) issues the Frequently asked questions (FAQs) on Electronic Invoice (E-Invoice) system

The Central Board of Direct Taxes ( CBDT ) notifies Form ITR 1 and ITR 4 for the Assessment Year 2020 – 21.

Capital Gain Taxation: Computation & Tax Saving options

Business disallowance under section 40(a)(ia): There is nothing to disallow when there is shortfall in deduction of TDS.

Society accepting deposits only from members can’t be held to be engaged in ‘banking business’; No exemption u/s 194A