Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A/10/10B/10BB for Assessment Year 2018-19 and subsequent assessment years

Whether exemption in the case of leave encashment is applicable to resignation too?

Expenses incurred for payment of foreclosure premium of loan is allowable as business expenditure U/S 37(1): Madras High Court

Annuity received from NHAI for road construction services – Whether exempt from GST?

The Legal Principle of “Functus Officio” & Bombay High Court ruling in Alcohol Based Sanitizer classification

Joint Development Agreement & Reduced LTCG rate of 12.50%

Only official revenue records or evidence from relevant authorities can determine if land qualifies as agricultural under Section 2(14) of the Income Tax Act: Delhi HC

Statement recorded during Survey u/s 133A has no evidentiary value – Any admission made merely on the basis of statement is illegal

An investor of ‘Capital Gain Tax Exemption Bonds’ cannot seek premature withdrawal through judicial intervention: Delhi HC

Once a matter is dropped at ASMT-10 level, no further proceedings can be initiated u/s 74

PCIT Order requiring Assessee to pay 20% of the tax demand during an ongoing appeal quashed by Karnataka High Court

Individuals Paying More Taxes than Corporates

NCLT Order setting aside assessment and penalty orders during the moratorium period under the Insolvency and Bankruptcy Code (IBC) and Observation by Bombay High Court

GSTN Advisory regarding IMS during initial phase of its implementation

ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021

Adherence to statutory time limits is crucial in tax assessments

Sale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC

Addition on the basis of statement recorded has no evidentiary value without any incriminating material