Reassessment Notice issued under section 148 to the deceased assessee is Curable defect under section 292BB
No penalty if no TDS due to wrong declaration by truck owner under form 15 – I as to number of trucks owned by him
If the house property was vacant during the year under consideration then Annual Value is to be taken as Nil
Money don’t have colour. Capital gain exemption available even if the investment is done by borrowed capital
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)
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