Reimbursement of employer related expenses is not an income for the Employees:

Delhi HC asked CBDT to consider eligibility of VSVS 2024 by those taxpayers wherein statutory timelimit to file appeal has not expired on 22.7.2024.

Ensuring Independence of Auditor: Absolutely Amazing Representation by Chartered Accountants Association, Surat

7 days delay in depositing unspent CSR amount of Rs.68.48 lakhs to PM Cares Fund – Penalty of Rs.1.06 crores was imposed:

Order passed by CIT (A) without reasoning on the issues on merits is clearly in violation of section 250(6) of the Act and liable to be set side: ITAT Agra

Mumbai ITAT upholds Taxpayer’s right to legitimate tax planning

Benefit of cost inflation index is available even in respect of foreign assets.

Grant of sanction by the appropriate authority is a precondition for AO to assume valid jurisdiction for issue of 148 notice: Mumbai ITAT

NRI Landlords Can Consider This ‘Tax Hack’ to Resolve Money Stuck in TDS Deducted by Tenants

Approval not obtained from PCIT as required under the new provisions – Reassessment notice declared invalid and assessment stood nullified: Mumbai ITAT

Re-assessment notice issued U/s 148 being barred by limitation under the new provisions of section 149(1) is liable to be quashed and set aside.

10 year limit applies only prospectively, meaning it does not apply retroactively to assessment years where the old six-year limit has already expired: Delhi HC

Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT

Delay in filing Form 67 is a procedural lapse that does not affect the substantive right to claim FTC: ITAT

GST Advisory: Reporting Differences in Tables 8A & 8C for FY 23-24

𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗢𝗿𝗱𝗲𝗿 𝗼𝗻 𝗱𝗶𝘀𝗮𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲 𝗼𝗳 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗧𝗮𝘅 𝗖𝗿𝗲𝗱𝗶𝘁

Will the notice sent by the wrong officer invalidate the assessment proceeding?

Rs. 175 crore GST illegal Scam – HC verdict to release the Tax officer as there are procedural violations that render his detention null & void