No addition u/s 56(2)(viib) when no money/consideration was received by assessee on issue of shares which were allotted merely on…
In a recent judgment, the Hon'ble Allahabad High Court has quashed the penalty order u/s 129 of UPGST Act 2017…
CBDT has clarified the question as to what would be the Cost of Acquisition as on 1.4.2001 for properties purchased…
Advisory for FORM GSTR-1A- Form and manner of furnishing details of outward supplies GSTN has issued an advisory for FORM…
Penalty u/s 271E can not be imposed on cash repayment of advances treated as unexplained cash credits. In a recent…
Mining Royalty is not a tax – Supreme Court Nine Judges Bench approves decision In Kesoram Industries and held that…
Assessee has right to get complete statements recorded against him and relied upon by the Income Tax Department during the…
CBDT issues 13 FAQs on new Capital Gain Tax Regime proposed in Union Budget 2024-25 Union Budget 2024-25 has proposed…
Payment by corporate guarantor does not extinguish liability of corporate debtor to pay the entire amount payable - SC In…
Under Section 69, AO is under obligation to give reasons for not accepting explanations given by the assessee - ITAT…