Prosecution can be launched even if there is a time for filing income tax return u/s 139(4) if return is not filed u/s 139(1) & notice is issued u/s 142(1)

Validity of Seizure of goods of perishable nature when requirements of section 129 not complied

Exchange of jewellery of customers by Jewellers is violation of section 40A(3)?

The word ‘expenditure’ used in Section 40A(3) does not cover expenditure on purchases of goods ?

Heartiest congratulations to new Finance Minister Smt. Nirmala Sitharaman

Landmark Move : Input Tax credit (GST) Can not be denied to recipient for default on part of the supplier- Delhi High Court issued notice to UNION OF INDIA

How to file of Statement of Financial Transactions (SFT)?

REAL ESTATE INVESTMENT BACK TO LIFE

Procedure of Additions / Assessments etc in Search and Seizure cases.

Provision for warranty is a contingent liability. Whether it is allowable as deduction

Assessment under section 153C when Documents seized not belonging to the assessee

No exempt Income = No disallowance u/s 14A

Fake invoice without actual supply, arrest & bail provision

If not a continuous activity, sale of land can not be treated as business income

If any partner does not agree to sell a firm’s property, whether the same can be considered as an encumbrance for capital gain computation?

Residential house purchased which consists of several independent units cannot be a results in denial of exemption u/s 54.

Second proviso to section 40(a)(ia) as introduced by Finance Act, 2012 with effect from 1-4-2013, being curative and declaratory in nature was applicable restrosepctively with effect from 1-4-2005, therefore, no disallowance could be made if contents of CA certificate were proved to be correct

Amount received on liquidation of shares held an ESOP is taxable as salary income or capital gain income ?