Interest expenditure having direct nexus with interest income is clearly allowable to the assessee

Judgement dated 06.12.2019 passed by Hon’ble Supreme Court in Civil Appeal No. 9237/2019 in the case of M/s Unicorn Industries v. Union of India

No tax if assessee received property on account of family settlement

Loan by a Private Limited Company to its Director or Guarantee by Private Limited Company for the loan taken by its directors or other company

Delayed payment of PF/ESIC Contribution & its deduction in the hands of the employer

Assumption of jurisdiction u/s 147 cannot be sustained and is held as invalid in eyes of law.

Analysis: Rejection of books of accounts in the Income Tax Act – 1961

Whether the Appellate Tribunal has rightly allowed the respondent’s appeal to grant registration under Section 12A of the Income Tax Act, 1961

Landmark Judgment : Non-service of section 148 Notice within stipulated period will result in invalid assessment

Last date for filling GSTR- 1 extended to 17.01.2020

Employee’s contribution to PF/ESIC & other welfare funds are not eligible for deduction u/s 36(1)(va) of the Income Tax Act if it is paid after the due date specified under the relevant Act: CBDT

No jurisdiction to the AO even if Assessee participates in the reassessment proceeding u/s 147

Prosecution upheld by Delhi High Court for non-filing of return u/s 139(1) despite refund claim

Demonetization special: When books of account of the assessee are not reliable and rejected by the authorities then there is no reason to make addition u/s 40A(3)or section 68 of the Income Tax Act

Suicide because of GST Returns compliance and Late Fees

Filing of Revised TRAN-1 electronically allows by Delhi High Court

Amendment in Policy Condition of export of Rice (Basmati and Non -Basmati) to EU member States

Amendment of rule 10DA and rule 10DB regarding furnishing of information and maintenance of documents by Constituent Entity of an international group