Demonetization special: No addition warranted when assessee submitted books of account showing relevant entries of payment being made to them which resulted in cash in its books and also submitted affidavits of payers,
No addition for cash deposit permissible if assessee has maintained regular cash book, all its account are audited & explained the cash deposits in the bank with cash book
Additional claim can be allowed by CIT(A) and Tribunal even if assessee mistakenly fails to claim it in its return
Whether the Lease Agreement between the Applicant Company i.e. the lessor and the Lessee for a period of 99 years is a Sale of immovable property and outside GST and is exempt from levy of GST?
Filing of Balance sheet before assessing officer doesn’t prove that the assessee is maintaining the books of accounts
Salman Khan Case: Criminal proceedings arising out of hunting and killing a black deer had nothing to do with his professional activity as an actor and so the amount paid is not allowable as deduction
Extension of Due date for submitting Tax audit Report & ITR : An excellent representation by All Gujarat Federation of Tax Consultants (AGFTC) & Income Tax Bar Association(ITBA)
Converting written play into dramas not to be held as commercial activity to deny sec. 12AA registration
