Judgement

No penalty to be levied u/s 271D or 271E if there is reasonable cause

Section 154 of the Act cannot be invoked to make adjustments on debatable issues: ITAT

TDS Section 194C not applicable on payments to agencies like HUDA on behalf of State Government: ITAT

In case of assest acquired by way of gift, depreciation would be allowed on the WDV to the previous donor

Circulars

Breaking: MCA relaxes additional fees for delay in filing Form 11 by LLP

Bank holidays in June 2022: Bank to remain closed these days in June; Check List

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News