MANDATORY DISCLOSURE OF ASSET & LIABILITIES IN INCOME TAX RETURN

Addition under section 68 towards Unexplained cash credits- whether require in the hands of the firm ?

Capital gains exemption if Assessee not been able to obtain possession and got purchase deed executed within 3 years

Admissibility of Condonation of delay in filing appeal before ITAT as Partner looking after income-tax matters was ill

The Peerless General Finance And Investment Co Ltd vs. CIT (Supreme Court)

Builders to get into more pain. Banks to monitor RERA Compliance before disbursement now

Be careful : No deduction towards Interest, Remuneration etc in the hands of the Firm if such Firm does not respond to notices issued under section 142(1)

CBDT Demands 100% Disposal Of Appeals By CIT(A)

Notice u/s 143(2) issued prior to filing of ROI invalid, resulting in assessment order to be set aside

Revision petition under Sec. 264 is maintainable against sec. 143(1) intimation: Delhi HC

Even introduction of stock-in-trade as capital contribution into firm attracts s. 45(3)

Taxability of Difference between sale consideration mentioned in sale deed and that mentioned in paper found during enquiry

Date of GST Form CMP 08 extended to 31st July

Chartered Accountants and Tax Audit firms – Be cautious – Panipat Haryana Court has held that Auditor is the one who is responsible for the lack of communication and penalized the auditor.

IT Return software utility provider gives up due to Government’s action plan related to e filing and rechnial glitches !!

Deduction claimed u/s 80IB is allowable on proportionate basis on those residential units of the housing project which fulfills the conditions u/s 80IB(10) by excluding those units which otherwise violate such stipulations

Prosecution : Delay in payment of tax cannot be construed as an attempt to evade tax, so as to launch prosecution of the assessees for alleged offence u/s 276C(2)

Disallowance under section 14A if no exempt income earned during the year under consideration