Revision u/s 263 when Assessee claimed deduction as loan written back under OTS scheme, considering it as “ capital receipt” not liable to tax

When assessee had provided all evidences of payment and payments were recorded in books of account, they were not liable to be added u/s 69C.

Business Compliance Calendar for the month of March- 2019

Unexplained cash deposits in the bank account u/s. 69

When the AO contradicts its own statment or no independent application of mind is demonstrated then the notice for initiating re-assessment is considered to be bad in law and hence not sustainable

PF is applicable on basic salary plus all allowances: SC

Rigors of The Banning of Unregulated Deposit Scheme Ordinance, 2019 – realignment of financial transaction

Finance Ministry asks direct tax code panel to revise existing I-T slabs

Broad framework for next generation reforms for international trade

Empanelment of CA firm for Concurrent Audit assignment of Andhra Bank

SECTION 14A: DISALLOWANCE UNDER I.T ACT

Promotion order of ACIT

Procedure for e-commerce exports through Post and clarification on personal imports

S. 276C Prosecution: Prosecution should not be launched hurriedly by the Dept during the pendency of case before the ITAT.

Don’t Harass the Tax Payers – CBDT Chairman

Prosecution should not be launched hurriedly by the Dept during the pendency of case before the ITAT.

Sec 276C on Prosecution & Wilful attempt to evade tax

“Unregulated Deposit Scheme” in just one Chart