Notice u/s 143(2) issued prior to filing of ROI invalid, resulting in assessment order to be set aside
After Amnesty Scheme in State Taxes and Central Taxes under GST, An expected Amnesty Scheme in Income Tax.
Penalty can’t be levied for Lack of Evidence supporting HRA Claim If Assessee admitted Fault: ITAT Chennai
Interesting judgement : Delay in filing of tax audit report due to Virus in computer system – Whether penalty can de dropped ?
Rationalisations of provisions relating to maintenance, keeping and furnishing of information and documents by certain persons u/s 92D.
Not full amount, but only difference is liable for taxation on maturity proceeds of Life insurance premium if it is not exempt u/s 10(10D)
Validity of reopening of assessment merely on the basis of report of investigation wing without conducting further enquiry