No arrest under GST Act on purchase of goods against fake invoice unless purchaser took benefit of fake or bogus…
Deduction u/s 80-IA of the Income Tax Act not limited to head ‘business income’ only. – Supreme Court. Sub section…
SC restores order extending limitation period till further orders for all judicial or quasi-judicial proceedings. Earlier, in 2020, the Supreme…
Liability to pay creditors does not ceases merely because assessee could not furnish confirmation of one creditor out of several…
Software engineer in a software industry is a workman for the purpose of deduction u/s 80JJAA so long as it…
Mandatory provisions of Section 153C must be followed before proceeding where AO is same for person searched and third party…
Section 115BBC is silent unlike section 68 which casts obligation on assessee to explain amount credited to the satisfaction of…
CIT Revision u/s 263 order not mentioning twin conditions of being erroneous and prejudicial to the interest of revenue quashed…
Reduction in Gross/Net Profit rate not ipso facto a ground for making disallowance of expense but a triggering point for…
Opening balance of loan creditor brought forward from preceding year cannot be treated as unexplained cash credit or bogus credit…