Revised Standard on Auditing SA-720. The Auditor’s Responsibilities Relating to Other Information ICAI has issued revised Standard on Auditing SA-720. The…
No Addition for cash deposits in bank when sufficient cash is in hand. Assessee not supposed to keep track of…
Concealment penalty deleted as assessee was unaware of tax on sale of property. Assessee agreed to pay taxes on the…
Deposits per se in the bank account no basis of holding that income has escaped assessment. Nothing can be added…
Insolvency and Bankruptcy Code 2016 to apply to personal guarantors to corporate debtors. Wilful defaulter, NPA Account holders, disqualified directors…
Self Help Portal for GST related issues launched. Email Helpdesk discontinued After providing facility to lodge Online GST grievance on GST…
Extension of last date for filing Form GSTR-3B return for the month of December, 2017 The last date for filing…
TDS Defaulter arrested and sent to jail by the Tis Hazari Court As per Press Release of Finance Ministry, Tis…
Mere categorisation of land as agricultural in revenue records not suffice for capital gain exemption. Whether a land is agricultural…
Addition made in computation of income comes under Explanation 1(B) of Section 271(1) related to concealment penalty under the Income…