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

Merely because cash payment has been made is not an indicator that the transaction is non-genuine or bogus: ITAT Jaipur

Reopening assessment done mere on the basis of advisory issues by department is not justified

Carry forward of legitimate claim of CENVAT/ITC shall not be denied on account of non-filing of Tran-1 by 27.12.2017

No Penalty under section 271D if Assessee received cash loans from family members

Capital gains is a Long-term or short-term capital gain arising from giving up of rights on flats in favour of developer within 36 months of date of JDA

Toll collection rights is an ‘Intagible Assets’ and so eligible for depreciation