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

Whether deduction towards housing loan interest is available on accrual basis or deduction is available only if it is paid ?

Individual script wise details for offering LTCG not mandatory while filing ITR

Loan waiver by bank – Whether Taxable ?

Key changes proposed in the Income Tax Act – 1961 by recent Union Budget – 2019 [Finance (No. 2) Bill, 2019]

Powers of CIT(A) are co-terminus with that of AO

Approval under section 80G(5) cannot be rejected if registration is granted under section 12AA