In case of book adjustment, if no cash is involved, provisions of s. 68 treating it as unexplained cash credit are not attracted

Data related to GST Compensation to states

Permission granted by CIT cannot countermand mandatory requirement of seeking permission from ACIT so as to validate notice for re-opening of assessment: HC

Credit Default Swap

Do you know – Quoting “CIN” in Tax Invoices is must under the Companies Act- 2013

Whether due date for the trust is 30th September or 31st July?

Tax Implications on Demerger

The Supreme Court imposed a fine of Rs. 10 Lakhs on the Income Tax Department for its casual approach.

Assessment under Search and Seizure

2% hike in DA for government employees

Losses in speculation business by certain companies – Controversies

Persons specified under section 40A(2)(b).

GST & implications on discounts .

Loss on sale of long term equity shares – an analysis

All about GST Practitioner

Explanation that the :computers got infected” is a reasonable explanation & is also reason beyond the control of the assessee. It is a reasonable cause & the return filed by assessee is to be considered as return filed under s. 139(1): Hyderabad ITAT

Demand under GST

Merely filing of an SLP would not make the order of the Court bad in law or give a license to the Revenue to proceed on the basis that the order is stayed and/or in abeyance: Bombay HC