• Income Tax

Interest received u/s 28 of Land Acquisition Act on enhanced compensation is exempt – ITAT

2 years ago

Interest received u/s 28 of Land Acquisition Act on enhanced compensation exempt from tax - ITAT In a recent judgment,…

  • GST

Seizure of goods for want of e-way bill when due to break down, goods loaded on another vehicle.

2 years ago

Seizure of goods for want of e-way bill when due to break down, goods loaded on another vehicle. Burden of…

  • Income Tax

Turnover u/s 44AB for speculation business is only net difference of independent transactions

2 years ago

Turnover in respect of speculation business is only net difference of independent transactions In a recent judgment, ITAT has held…

  • Income Tax

Return filed without Balance sheet and PL account may be defective, not invalid – Supreme Court

2 years ago

Return filed without balance sheet & profit and loss account may be defective but not invalid – Supreme Court quashes…

  • Income Tax

CBDT issues circular explaining provisions of Finance Act, 2023

2 years ago

CBDT issues circular explaining the provisions of the finance act, 2023 CBDT has issued Circular No. 1/2024 dated 23rd January…

  • GST

Advisory for furnishing bank account details by registered taxpayers under GST Rule 10A

2 years ago

Advisory for furnishing bank account details by registered taxpayers under Rule 10A of the Central Goods and Services Tax Rules,…

  • Income Tax

No penalty u/s 271G can be levied if no adjustment is made in Arm’s Length Price – ITAT

2 years ago

No penalty u/s 271G if no adjustment made in Arm’s Length Price - ITAT In a recent judgment, the ITAT…

  • Income Tax

CIC has no power to direct disclosure of PM CARES Fund information under Income Tax Act

2 years ago

CIC has no power to direct disclosure of PM CARES Fund information covered under Income Tax Act as ITD treats…

  • Income Tax

Method of recognizing revenue accepted in earlier & later years cannot be disturbed

2 years ago

Once a method of recognizing revenue accepted by revenue in earlier and later years, same cannot be disturbed for the…

  • Income Tax

Cash credit addition u/s 68 made on the basis of statement retracted deleted by ITAT

2 years ago

Cash credit addition u/s 68 made on the basis of statement retracted subsequently deleted by ITAT In a recent judgment,…