Landmark Judgment : Addition on non-CASS issues is NOT sustainable if AO has not obtained approval from Pr. CIT/CIT for COMPLETE scrutiny
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.
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
Mere participation in proceedings or acquiescence would not confer jurisdiction upon AO who otherwise was not the AO of Assessee
Expenditure on renovation of building taken on lease is a capital expenditure or revenue expenditure ?
Disallowance of expenses paid to relativeu/s 40A(2) : It is for the AO to make-out a case that the expenditure incurred is excessive or unreasonable having regard to the fair market value of such services.
