ITAT Mumbai started following Hexaware Technologies

Assessments under central charge and international taxation would have to be completed under faceless assessment scheme: Bombay HC

Mandatory faceless procedure for issuing notices under section 148 does not exclude Central Charges and International Taxation charges: Bombay High Court

No arrest under section 69 without determination of tax liability under section 73/74

GST on Leasehold Land Transfers Sparks Debate

Department may centralize assessment if there are sufficient reasons: Bombay High Court upholds transfer order U/s 127

Compliance Calendar for September’2024 Revised

Important changes in GST w.e.f. 01st September 2024

Taxation of LTCG for non residents post amendments by Finance Act 2024:

Tax Impact on Share Buybacks: Old Vs New Law

No penalty u/s 270A as loss declared under ‘Income from other sources’ couldn’t be set off or carried forward: ITAT

An overview of Rules for set off and carry forward of losses

Rectification under section 154 of the Act is not obligatory on the part of the Assessing Officer if clear data is not available: Nagpur ITAT  

Ex-parte order passed by serving notice on email – ITAT remanded back the matter to AO

Reopening of assessments for assessment year as back as AY 2014-15, Ay 2015-16, 2016-17 and 2017-18 is not permissible: Delhi HC

Overview Penalties under Income Tax Act-1961

Interest income of Credit cooperative societies from its investment with other bank eligible for deduction U/s 80P: Nagpur ITAT

Does the old dictum of ‘reasons to believe’ hold true in light of 2021 amendments in process of reopening of assessments?