Reasons cannot be the basis for reopening assessment in case of assessee before us. Merely because addition has been made in hands of co-owner, no presumption could be drawn that income has escaped assessment in the hands of assessee, without there being independent ‘reasons to believe’, based upon cogent materials: DELHI TRIBUNAL

Whether slump sale or not?

A remarkable and far reaching judgemnt is passed by ITAT in the case of famous cricketer Sachin Tendulkar

GSTR-2A NOW IN EXCEL FORMAT

Important changes in GST by Central Goods and Services Tax (Amendment) Bill 2018

Draft of Disclosures required in Tax Audit Report on ICDS (Income Computation and Disclosure Standards) notified by CBDT

Tax Benefit for Salaried Class

PAN mandatory transactions!

Turnover in future and option business under section 44 AD

NON GENERATION OF E-WAY BILL

ITRs AY 2018-19

Important Ratios for Investor

Income–Accrual–Goods sold in loss by E- commerce company

When valuation of property by stamp authority is higher than actual sale price, then before calculation of capital gain on such higher value, AO should refer capital asset to DVO for valuation even if not prayed for: ITAT

Income Tax on Pension Income

Applicability of Indian Accounting Standards (Ind –AS)

Plywood trader becomes Kerala’s first person nabbed for GST fraud

If AO dont have jurisdiction over Assessee u/s 143(2), order is Invalid !!