Validity of Penalty under section 271(1)(c) if Additional income declared in survey under section 133A is incorporated in ITR filed u/s 139

Disallowance under section 14A- whether interest expenses to be taken as net or gross amount ?

Rate of tax & Classification of goods and services for Creation of Video Conference software/network

Tribunal omission to consider the case laws – Whether Tribunal can recalled it’s order ?

Delhi ITAT confirmed additions as assessee claimed TDS but didn’t offer corresponding income in ITR

Based on 26AS alone no additions could be made.

Classification of goods & Rate of GST on Quartz (Artificial Stone)

Income from Business or Other Source of Fund is generated from business & sourced to FDRs

All set, Faceless & Jurisdiction free assessment to start now !!

Taxpayer can get PAN without applying for it !! New Emerging India !!

Consolidated circular for assessment of Startups by CBDT

Even though the assessee failed to disclose the names of the donors, the amount received as building fund was utilized for charitable purpose & hence eligible for exemption u/s 11

“Department must not take advantage of ignorance of assessee to collect more tax than what is legitimately due” – Circular issued prior to 1961 Act which is still relevant

If the transactions through the broker are duly recorded in the books of the assessee. AO cannot treat it as Bogus

Salary received by a non-resident for services rendered abroad accrues outside India and is not chargeable to tax in India. The source of the receipt is not relevant. The CIT has wide powers u/s 264 and has to exercise them in favour of the assessee in terms of CBDT Circular No. 14 (XL-35) dated 11.04.1955

Taxation of Mutual Funds in one chart

ITAT upheld CIT(A)’s order as it was duly passed within month of conclusion of final hearing

FAQ on Sabka Vishwas (Dispute Resolution Scheme ) 2019