Input Tax Credit Review Audit – GST

Sec. 14A couldn’t be invoked if no exempt income was earned during the year: SC dismissed SLP

Notice issued in name of dead person is not enforceable in law

XAVIER INSTITUTE OF MANAGEMENT Vs. INCOME TAX OFFICER

Madras High Court on Writ Petition filed by directors challenging Arbitrary Strike Off & Director disqualification !!

RCM provisions u/s 9(4) of CGST Act, 2017 postponed till 30-Sep-19 vide Notn.No. 22/2018 dated 06/08/2018.

Interest paid to Private Bank can’t be disallowed u/s 43B : ITAT

No additon u/s 68 if assessee failed to produce persons who had applied as shareholders-  SC dismissed SLP

Forget Identity, Credit worthiness & Genuineness, Share premium is taxable as Income !! (Courtsey: Section 56(2)(viib))

No TDS done? Don’t worry about Disallowance of Expenditure.

Order u/s154 of the Income Tax Act, 1961 canno be done by AO on the basis of Audit Objection

Important Aspects of New Monthly Returns under GST as released by the GST Council in their latest meeting.

GST points to ponder before finalizing the Books of Accounts for Income tax purpose

Taxation of amount withdrawan from Mutual fund & Systematic Invetsment Plan (SIP)

Incentives for digital payment: GST Council Meeting

2,25,910 companies under scanner of MCA for not filing returns for 2015-16 & 2016-17

If basic documents of share allotment filed, AO cannot make additions on the ground of “Identity & credit worthiness”

Open book concept by ICAI – A new emerging concept for India !!