If AO examines a claim and not reject it then it can’t be said that AO had not formed any opinion so as reopen the case without any new or additional material-SC dismisses SLP of ITD  ABCAUS Case Law Citation:ABCAUS 3055 (2019) (07) SC Important Case Laws Cited/relied …

Rejecting books of accounts duly audited by CA u/s 44AB on the basis of presumptions without making any investigation is erroneous – ITAT ABCAUS Case Law Citation:ABCAUS 3054 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the CIT(A) in inter alia …

Income Tax launches Business Intelligence Mobile Application for monitoring purposes Director of Income tax (Systems) has developed a Business Intelligence (BI) Mobile Application as part of the Project Insight. The BI Mobile Application includes business intelligence reports in various key areas for monitoring purposes. It provides collection of …

GSTR-3B not a monthly return in lieu of Form GSTR-3. High Court quashes Finance Ministry Press release clarifying the last date for availing ITC relating to invoices issued during July 2017 to March 2018 ABCAUS Case Law Citation: ABCAUS 3053 (2019) (07) HC The Finance Ministry vide Press …

Income wrongly declared in ITR by mistake cannot be taxed because assessee has not earned it. There is no provision in the Act to do so. ABCAUS Case Law Citation: ABCAUS 3052 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the …

Allowability of deduction u/s 80TTB for SB interest to senior citizens not have fixed deposit interest income  The ITR utilities provided by the income tax efiling website have been programmed to disallow the deduction u/s 80TTA to senior citizens (base on the input of date of birth) by …