No prosecution u/s 275B when electronic gadgets and ERP user IDs and passwords was provided to search party – Sessions Court In a recent judgment, the Sessions court has set aside the summon order holding hat Vague or incongruous answers to questions do not attract section 275B except …
ICAI cancels/restores membership of thousands of CAs due to death/non payment of fee The Institute of Chartered Accountants of India has removed the names of 1593 Chartered Accountants from Register of Members with effect from 1st October 2022 on account of non-payment of membership fees. However, ICAI has …
GST Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023 1. Amnesty for Taxpayers: The GST Council, in its 52nd meeting, recommended granting amnesty to taxpayers who could not file …
Exemption u/s 54F – Bar of holding more than one residential property applies on start of day or at the end of the day of transfer of capital asset, ITAT answers ABCAUS Case Law Citation:ABCAUS 3821 (2023) (11) ITAT Important Case Laws relied upon by parties:Smt. Maya A …
Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts – ITAT ABCAUS Case Law Citation:ABCAUS 3820 (2023) (11) ITAT Important Case Laws relied upon by parties:ACIT vs. Sri Mahender Kumar AgarwalCIT vs. Harjeev Aggarwal, 70 taxmann.com 95 Radhey …
To attract provisions of section 69A sine qua non is “ownership” of money etc. which is not recorded in the books of account not mere presumption- ITAT ABCAUS Case Law Citation:ABCAUS 3819 (2023) (11) ITAT Important Case Laws relied upon by parties:Common cause v. UOI 77 taxmann.com 245 …
