Relaxation in Credit rating for default due to restructuring of debt due to COVID-19 related stress extended to 31.12.2020 SECURITIES…
No concealment when all information available for determining income given voluntarily by assessee either in return or at the time…
Whether an expenditure is capital or revenue squarely fall within the ambit of a debatable issue. Penalty u/s 271(1)(c) deleted…
Depreciation allowable even if asset not used during the year when it formed part of block of assets ABACUS Case…
Reassessment completed without serving notice u/s 143(2) invalid. Issue and service of notice are jurisdictional requirements ABACUS Case Law CitationABCAUS…
CBDT asks banks to refund charges collected on or after 01.01.2020 on transactions done using electronic modes prescribed u/s 269SU…
Govt asks States to avail borrowing options to meet GST shortfall for 2020-21 The Government has communicated to the States,…
CBIC to Roll out GST Investigation Module – Phase-1 from 1st September 2020 At the instance of Directorate General of…
Form GSTR-2B, ITC Statement available for download on GST Portal for taxpayers GSTR-2B is an auto-drafted Input Tax Credit (ITC)…
Gas regulating measuring equipment installed at customers site fulfills the description in Section 65(105)(zzzzj) of a taxable service - SC…