No incriminating material was unearthed during the search, no additions could have been made to the income already assessed
No depreciation on goodwill if it not treated as an asset in books of accounts and assessee is not getting any enduring benefit
Know all about Assessment Unit, Review unit, Verification Unit, Technical Unit, National and Regional e-assessment Center in the new Income Tax E-Assessment Scheme
Client not bound by the lawyer’s statements or admissions as to matters of law or legal conclusions as per Lease and Rent (control) Act,1965
Reduction in the GST Rate from 12% to Nil: Not passing the benefit of ITC to the customeris a an Offence
Now buyer need to buy at lower rate but buy from tax compliant seller : Know about 20% Rule in GST for ITC restrictions
Survey Converted into Sections 131,132 and 133A of the Income Tax Act, 1961. Proceedings cannot be converted into Search under section 132.
Difficulties faced by Income Tax assessees country wide due to the faulty processing of the Income Tax Returns and the Tax deducted at source