Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019′ will be extended by one month.
Bogus LTCG: Jump in the share price of a company of unknown credentials cannot be an accident or windfall but is possible because of manipulations in a pre-planned manner by interested broker and entry operators
Failure to abide by notices u/s 142(1) also constitute offence, distinct from the offence that had been earlier committed by virtue of breach of Section 139 (1).
No penalty if addition done to the returned income due to non availability of address of creditors: Ahnmedabad ITAT