160th Income Tax day. Finance Minister/Secretary and CBDT Chairman lauds IT Department for being responsive to people during Covid-19 pandemic…
Non compete fee paid under deed of covenant held not taxable. Revenue has no business to second guess commercial or…
CBDT notifies authority for sharing of information regarding income-tax assessees for identifying eligible beneficiaries under PM-KISAN Yojana MINISTRY OF FINANCE(Department…
Project office used as auxiliary office for liaison not a PE unless core business is carried on therefrom - SC…
Sovereign Wealth Fund u/s 10(23EF). Applications, ITR, audit report & quarterly statement to be filed Circular No. 15 of 2020…
Disclosure of assessee information to Income Tax Department. CBDT notifies four more bodies u/s 138 i.e. Cabinet Secretariat, IB, NCB…
Concealment Penalty cannot be levied on rejection of a bonafide claim. Even assessee with great expertise could make silly mistake…
Penalty proceedings initiated on one limb and penalty imposed on two limbs invalid ABCAUS Case Law Citation:ABCAUS 3336 (2020)…
Income of Tamil Nadu e-Governance Agency Exempted for five years from AY 2019-20 to 2023-24 u/s 10(46) of Income Tax…
CBIC & CBDT sign MoU to exchange data and information on automatic, regular basis and also on request and spontaneous…