Income Tax

All Faceless e-Assessments are expected to be completed by mid-September 2020

Recent Posts

  • Income Tax

ITAT refuses to accept cash book as source of deposit as assessee was not subject to audit

ITAT refuses to accept opening cash as source of cash deposit as assessee was not subject to audit and cash…

3 hours ago
  • Income Tax

Mere preparation of income tax notice and send to dispatch not effective issuance

Mere preparation of income tax notice and forwarding the same for dispatch is not effective issuance of notice until it…

4 hours ago
  • bankruptcy

Agreement validly terminated prior to CIRP not give any enforceable right to corporate debtor

Agreement validly terminated prior to initiation of CIRP did not constitute “assets” or “property” of the corporate debtor u/s 14…

1 day ago
  • negotiable instrument act

SC explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques

Supreme Court explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques In a recent…

1 day ago
  • Income Tax

Normal business advances adjusted against sale bills cannot be added u/s 68 of Income Tax Act

Advances received in normal course of business and adjusted against sale bills cannot be added u/s 68 of the Income…

1 day ago
  • Income Tax

Faceless mechanism for reopening include Central & International Tax charges

Faceless mechanism for income escaping assessment would not exclude the Central charges and International Taxation charges from its application -…

1 day ago