Addition of purchases made in March month to closing stock on the assumption that items purchased in month of March…
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th…
Penalty us 2711c imposable on voluntary surrender-disclosure to avoid litigation and to buy peace of mind, as it does not…
FDR Interest Business Income-No addition when books rejected In an interesting judgment which is quite opposite to the view held…
CBDT Exempts Startups shares issued above FMV CBDT has notified tax exemption on investments above fair market rate for startups. Now…
Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in…
Annual Conference of Tax Administrators-2016 Major Take aways Ministry of Finance Press release dated 18-06-2016 Rajswa Gyansangam- Annual Conference of…
FDRs Interest was business income but not contract income. Interest on Margin Money deposits for obtaining bank guarantee is not…
Penalty 2711c - Pending Petition us 154 to be verified/disposed off first and penalty be dropped if the claim of…
Disallowance 40A3-two proprietorship concerns of same assessee. In the absence of alleged tax evasion, additions for cash purchases not warranted-ITAT…