Taxing authorities are entitled to look into the surrounding circumstances to find out the reality and the matter has to be considered by applying the test of human probabilities – SC in Sumati Dayal vs Commissioner Of Income-Tax 214TR 801 (SC).

Constitution of Grievance Redressal Committees on GST related issues

Theory of Human Probability as laid down in Commissioner Of Income-Tax, West vs Durga Prasad (1971) 82 ITR 540 (SC)

Cash Deposits out of the cash withdrawn earlier – Whether can be treated as Income?

Empanelment of Chartered Accountant firms/LLPs for the year 2020-2021

Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) – UCBs

Big 4 Audit firms maintains dominance in the audit of Listed Companies : NSE Analysis

Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) – PPIs upto ₹ 10,000/- with loading only from bank account

Standard Operating Procedure to be followed in case of non-filers of returns – reg

Addition under section 68 is not sustainable if there is a clear lack of inquiry on the part of AO: ITAT Delhi

CBDT Instructions for speedy disposal of Old Appeal Cases with CIT (A)

Can a HUF be a partner in a firm?

Statement recorded during income tax survey u/s 133A, does not have a evidentiary value on its own in absence of any supportive evidence

Applicability of TDS provision on Payment to NRI towards software licenses and IT support services

Promotion Order to the post of Joint Commissioner of Income Tax (JCIT)

E-Assessment Proceeding : Make all your Submission by 28th December – No submission permissible from 29th December

Money paid to perfect a title or as consideration for getting rid of a defect in the title or a threat of litigation the payment would be a capital payment and not a revenue payment: SC

Taxpayer can treat interest paid as deduction while computing capital gain even if the deduction towards housing loan was also claimed earlier: ITAT Delhi