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Recent Posts

• Notice issued with a delay of 2 Minutes: Reassessment Proceeding quashed by Delhi HC
• Voluntary disclosure of income does not absolve the assessee from penalties under Section 271(1)(c) and 271AAB: Pune ITAT.
• Benami Transactions: Demonetized currency retained monetary value for conversion within prescribed timelines and so it is “property” under the BPTA
• Section 249(4)(b) should not be rigidly when no ITR is filed & where the entire income assessed is disputed: ITAT Agra
• Whether negative blocking of credit ledger is allowed via the CGST Act, 2017?
• Two distinct flats situated on separate floors and lacking structural or functional integration could not be treated as one residential unit: Delhi HC.
• Key CGST Rules regarding ITC reversal and apportionment – Rule 37, 39, 42 & 43.
• GST & MSME Compliance: A short overview of the Common Mistakes
• Some important issues in Direct Tax Vivad se Vishwas Scheme:
• If the assessee has not disclosed details of a foreign bank account & does not provide other details on requested by AO, the Department is justified in making the Estimate: Delhi HC