IT Investigation on a Soya group : Undisclosed Income of Rs. 450 Cr
IT Investigation on a Soya group : Undisclosed Income of Rs. 450 Cr 1. The Income Tax Department has…
Income Tax
Addition made merely and solely on the basis of confession without any corroborative evidence is not sustainable in law
Addition made merely and solely on the basis of confession without any corroborative evidence is not sustainable in law Short…
Deduction under section 80-IB(10): Allowability of deduction if built-up area of some units exceeded 1,500 sq.ft.
Deduction under section 80-IB(10): Allowability of deduction if built-up area of some units exceeded 1,500 sq.ft. Short Overview In case…
What are gains of all India Protest and Way forward: WMTPA
What are gains of all India Protest and Way forward: WMTPA By – Narendra Sonawane …
No GST exemption on drilling of borewells and letting out of compressors for pumping of water from bore wells to agricultural fields
No GST exemption on drilling of bore wells and letting out of compressors for pumping of water from bore wells…
Receipts from sales out of stocks that were accepted during scrutiny can’t be treated as unexplained income
Receipts from sales out of stocks that were accepted during scrutiny can’t be treated as unexplained income PCIT v. Akshit…
Sec. 54 exemption available even if capital gains arising from sale of multiple properties invested on 1 residential house
Sec. 54 exemption available even if capital gains arising from sale of multiple properties invested on 1 residential house Vijay…
QRMP (Quarterly Return Monthly Payment) Scheme Vs. Regular Scheme of Return Filing: Which one is better?
QRMP (Quarterly Return Monthly Payment) Scheme Vs. Regular Scheme of Return Filing: Which one is better? Government has declared a…
No disallowance u/s 40A(2) on payment made to sister-in-law as she isn’t relative as per sec. 2(41): ITAT
No disallowance u/s 40A(2) on payment made to sister-in-law as she isn’t relative as per sec. 2(41): ITAT Rajesh Bajaj…
Delhi High Court asked CIT to revise Form 3 order issued under VsV, imposing 125% rate of disputed tax instead of 100%
Delhi High Court asked CIT to revise Form 3 order issued under VsV, imposing 125% rate of disputed tax instead…
Andhra Pradesh High Court allowed filing of Form GST TRAN 1, directed dept to either open the GSTN portal or accept manual application
Andhra Pradesh High Court allowed filing of Form GST TRAN 1, directed dept to either open the GSTN portal or…
Reversal of ITC required on inputs contained in finished/intermediate goods if destroyed in fire: Gujarat AAR
Reversal of ITC required on inputs contained in finished/intermediate goods if destroyed in fire: Gujarat AAR Authority for Advance Rulings,…
Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE
Investment made out of undisclosed business income not liable for taxation u/s Section 69 & 115BBE ITAT Chandigarh in the…
Dear CA, Non validation of audit report at income portal would result in treating it as invalid, to attract provisions related to non-compliance.
Dear CA, Non validation of audit report at income portal would result in treating it as invalid, to attract provisions related to…
Union Budget – 2021: Few Amendments related to Businesses
Union Budget – 2021: Few Amendments related to Businesses No deduction towards employee’s share of PF/ESIC if the same is…
In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid
In the absence of the notice under section 143(2), assessment framed by AO was liable to be quashed as invalid…
If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then strict disciplinary action should be initiated against the concerned officer: Gujarat HC
If the grievance is filed by assessee and officer is found to have acted in defiance of the directions, then…
Irregularities during search proceedings: Officer assured court that there would be no such complaint in future
Irregularities during search proceedings: Officer assured court that there would be no such complaint in future Dr. Satish Dhavale, ADG…
