AO is under an obligation to duly consider the explanation furnished by the assessee and assign reasons for rejecting the…
CBIC issues SoP for clearance of imported goods through Foreign Post Offices under Postal Import Regulations, 2025. Standard Operating Procedure…
Sale deed executed with full knowledge of only part consideration paid, cannot be rendered void or inoperative merely for non…
No fault in serving notice u/s 148 to last known address when assessee had not updated change of address in…
Investment made by firm through capital introduced by partners cannot be treated as unexplained investment in the hands of the…
CBIC has issued GST Instruction No. 01/2026-GST dated 03 August 2026 to ensure coordination between the CGST Department and State…
Assessee is eligible for claiming deduction under Chapter VIA under Section 80IE of the Income Tax Act 1961 on the…
Assessee could not be faulted for showing only cash in hand and bank balance as capital following presumptive taxation when…
Sale of flats in a real estate project held capital gains as intention of the assesee was to hold that…
Merely because interest liability was recognised by journal entries at the close of the year, it does not make expenditure…