Order passed u/s 144C without intimating variations in income through draft assessment order set aside by ITAT

MAT credit not available to companies opting for new tax regime of 22%

Capital gains exemption under section 54EC if there is a delay in receipt of sale consideration amount and amount is invested after prescribed time period

Expenses incurred after setting up of business but before the commencement of business are deductible as revenue expenses.

Disallowance under section 14A cannot surpass quantum of exempt income

No books of accounts maintained – No Penalty under section 271B for Failure to get its audited

Additions upheld as assessee claimed TDS but didn’t offer corresponding income in ITR

Action for TCS default can be taken within a reasonable period only even if no limitation period is prescribed under the Act

Addition can not be deleted on ground that assessee used to show higher stock to avail high cash credit limit from bank

Completed assessment could not be interfered with while framing assessment under section 153A in the absence of incriminating material discovered during search.

Applicability of GST on Profit Sharing Agreement between applicant as an employee and the shareholder

Inter-trust donation by one charitable trust to another for utilization by the donee trust towards charitable objects is proper application of income for charitable purpose

Merely because a debt has not been repaid for over 3 years would not automatically imply cessation of liability. Limitation period may not be relevant for taxation under the IncomeTax Act.

Violation of section 11 & 13 of the Act would result in forfeiture of exemption?

GST Rate on Goods as Recommended by The GST Council in Its 37th Meeting

Diwali Bonus by Modi Government : Biggest corporate tax rate cut

Simple Chart of Reduction in Corporate Tax Rates announced on 20th September:

Demonetization special: Validity of submission that high denomination notes were savings from his personal allowance,