Income Tax slabs and rates for the AY 2019-20 FY 2018-19 No changes have been proposed in either Individual tax…
Income Tax Rule 8D is prospective in operation and could not apply to any assessment year prior to AY 2008-09 - Supreme Court settles the law…
KSCAA registers protest on use of CA name in income tax refund scam. Press release of the Income tax had…
Powers u/s 154 available for rectifying interest u/s 220 or 244 for miscalculation of interest which is, at best arithmetical…
Creditors not barred by limitation if liability acknowledged in accounts, creditors can rely on the said acknowledgment-High Court ABCAUS…
The High Court explains the law on levy of interest u/s 234B(3) when reassessment is done determing escaped income after…
Exempted income can not be taxed even if no revised return filed. AO in proceedings u/s 143 can not refuse…
Business expediency not a question of law, much less a substantial question of law-High Court. If expected fruits are not…
Standard Procedure for applying provisions of unexplained cash credits u/s 68 of Income tax Act,1961 Central Board of Direct Taxes…
While considering the question of perversity of a finding of fact, the test applicable are strict-High Court ABCAUS Case Law…