Addition under section 68 made merely on the basis of doubts, conjectures or surmises is liable to be deleted

Commission paid to the selling Agents is deductible.

Section 50 will not be applicable in case of the transfer of a Capital Asset, if no depreciation allowed as it was put to use.

Disallowance of claim of loss not properly appearing in acknowledgment of return under section 153A is not correct

Form No.GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) Simplified

Summary of Changes in GSTR-9 and GSTR-9C as implemented by CBIC Notification No. 56/2019–Central Tax Dated 14.11.2019

Income on account of undisclosed sundry debtors surrendered during survey is business income and AO cannot treat it as deemed income under sections 69, 69A/B/C

Disallowance on account of the foreign tour expenses on the ground that expenses were not supported by the vouchers and not incidental to the business of Assessee company

Keyman Insurance Policy Income Tax Treatment

“Analysis on Rule 36(4): Restriction on availment of ITC” By CA Jenil Shah

Property taken on Partition of a Hindu undivided family does not amount to property inherited by members

Expenditure incurred in bringing the machinery gifted by a foreign company to India is includible in actual cost

A welcome Move: CBDT grants exemption under section 56(2)(x) to resident of unauthorised colony

Another Landmark Judgment : Deposit of amount in capital gain a/c scheme isn’t a mandatory condition to claim Sec. 54 relief

The Due Date of filing GSTR – 9 & GSTR – 9C extended !!

Delhi ITAT deleted addition of cash deposits during demonetisation

Filing of the loss return without examining the audited accounts and past assessment records

Interest paid on loan borrowed to meet personal liability is not deductible expenditure