Invocation of section 263 is not justifiable if the same is the result of difference of opinion: ITAT Ahmedabad

AO didn’t adequately considered the evidence in the form of allotment letter and the timing of the agreements: ITAT, Mumbai deleted addition U/s 43CA

Who are required to file GST Annual Return despite filing monthly returns?

CBDT Advisory for accurately completing Schedule Foreign Assets and reporting income from foreign sources in their ITRs.

How Government is ensuring enhanced tax collection: An overview of few tax amendment of recent past

No independent investigation conducted – ITAT Surat curtailed addition of cash deposit done during demonetization period

CBDT launches a campaign to enhance compliance and awareness for the upcoming assessment year.

Bombay High Court: Writ Courts cannot act as Appellate Bodies to correct factual errors

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