Whether the power U/s  119(2)(b) allows commissioners to admit a belated Form 9A & condone the delay if assessee provides valid reasons

Last date for furnishing Belated/Revised return for AY 2024-25 in the case of Resident individuals extended by 15 days – Thanks to Bombay HC

Extension of the validity of FCRA registration certificates

Banning of Unregulated Lending Activities Bill: Implications for Businesses and Individual Lenders

Mere review of the same documents that had been submitted during the original assessment does not warrant reopening of assessment: Bombay HC

Can purchase of more than one residential unit by HUF qualify for Sec 54 benefits?

Interest earned on Borrowed Funds kept for acquiring coal mine is not revenue receipt even if coal mine is aborted, borrowings are repaid: Delhi HC

Taxation in the wrong Assessment Year: ITAT deleted addition

ITAT agrees on the concept of Tax Loss Harvesting adopted by the Taxpayers.

Foundation of the assessment is erroneous and void ab initio as notice under section 143(2) issued by another AO to whom jurisdiction was transferred much later: ITAT

“Human probabilities” and the concept of penny stock may not justify additioni without assessee’s involvement

New law to curb unregulated and fraudulent private money lending practices

GST Council cannot impose a wrong classification of Goods

Can purchase of more than one residential unit by HUF qualify for Sec 54 benefits?

Key Highlights of the 55th GST Council Meeting

Interest on surplus fund during pre-commencement of the business – Whether Business Income or Other source Income?

Conversion of Sole Proprietorship to a Company is not a transfer & Exempt from capital gains tax

Change in the Tax Law Related to Partnership Firm & the Controversial issues