• Income Tax

Assessing agriculture income as business no basis for penalty u/s 271A for non maintaining books

3 years ago

Assessing agriculture income as business income no basis for imposing penalty u/s 271A as it would not ipso facto lead…

  • Income Tax

Cash deposit on same day of sale deed has direct nexus between source of cash and sale – ITAT

3 years ago

Cash deposited on same day of sale deed execution has a prima facie direct nexus between source of cash deposit…

  • GST

Launch of New GST e-Invoice Portal

3 years ago

Launch of New GST e-Invoice Portal GSTN has launched four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition…

  • GST

Opting available at GSTN for tax payment under forward charge mechanism by GTA

3 years ago

Advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA) In compliance…

  • Income Tax

Reassessment u/s 148A under amended provisions and impact of TOLA 2020

3 years ago

Reassessment proceedings u/s 148A under amended provisions and impact of the Taxation and Other Laws (Relaxation And Amendment of Certain…

  • Income Tax

Future refunds can not be adjusted for TDS mismatch – High Court quashes demand

3 years ago

Future refunds can not be adjusted for TDS mismatch in terms of Section 205 of the Income Tax Act 1961…

  • Income Tax

<strong>Delay in filing of Tax Audit Report due to computer data crash- Penalty u/s 271B quashed</strong>

3 years ago

Delay in filing of Tax Audit Report due to computer data crash- Penalty u/s 271B quashed ABCAUS Case Law Citation:ABCAUS…

  • Income Tax

Onus is on assessee to demonstrate no commission paid on accommodation entry

3 years ago

Onus was not on Revenue to demonstrate that the assessee paid commission, but on the assessee to demonstrate that he…

  • Income Tax

Loan preceded by cash deposit of exact amount held to be cash credit u/s 68

3 years ago

Loan obtained preceded by cash deposit of exact amount in lenders account held to be cash credit u/s 68 as…

  • GST

Introduction of Negative Values in Table 4 of GSTR-3B

3 years ago

Introduction of Negative Values in Table 4 of GSTR-3B - GSTN Advisory The Government vide Notification No. 14/2022 – Central…