CBDT amends Form 3CD Tax Audit Report for reports for AY 2018-19 issued on or after 20th August 2018. Read…
Material obtained during assessment cannot be made basis for additions without confronting the same to the assessee. ITAT remand the…
Water logged land comprised within backwaters held agricultural land. The land was a kayal land and sold along with adjacent…
Applicability of Benami Property Act to Cash seized-High Court declines to interfere with show cause notice as source and nature were…
High Court refuses to quash prosecution u/s 276CC for not filing return of income. Whether the failure was wilful or…
ITAT’s jurisdiction is not to rewrite the AO’s order and improve upon it. High Court uphelds Revision order passed u/s…
Section 50C not applicable to sale of property through Power of Attorney. Provisions at best could be invoked only in…
Denial of Section 54F exemption for quoting wrong section without examining merits of deduction claimed-ITAT remands the case to Assessing…
Non-mentioning the precise section for making addition for bogus purchase made the impugned addition bad in law – ITAT deletes…
12 Mistakes/Practices that would invite TDS/TCS Survey by Income Tax Department. Follow best practices to ensure proper compliance of TDS…