Be careful & cautious :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)
Section 40A(9): The provision is not meant to hit genuine expenditure by an employer for the welfare and the benefit of the employees
ICAI issues sample Auditor’s Certificate on Return of Deposits (DPT-3) pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014
Double taxation relief–Agreement between India and USA–Royalty–Payment towards sale of software for limited use
Supreme Court suggested to the high courts not to grant anticipatory bail to those who default on the goods and services tax
Delay in issue of Annual Transfer Order of Income Tax Authority – A representation worth implementing
GST Audit : Department should carry out the audit in a manner so as to cause no inconvenience to the taxpayers
Capital gains—Deduction under section 54—Re-investment of capital gain arising on sale of three adjoining flats
Assessment under section 153C is invalid if there is non-recording of satisfaction by AO of searched person
Interesting case: Capital gains exemption u/s 54 towards Allotment of flats as sales consideration amounted to investment in new residential house
Addition need to be deleted or assessment need to be quashed if it is based on statement of a witness and assessee is not offered opportunity of cross-examination.
