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GP Ratio of Geniune Purchases applicable on Income Tax Addition on Bogus Purchases: ITAT

Depreciation is compulsory allowed whether assessee has claimed it or not: ITAT

Breaking: GST Council Meeting to be held in Chandigarh on 28-29 June 2022 instead of Srinagar

No Penalty u/s section 271AAB when Search Proceedings u/s 132 were not initiated on assessee: ITAT
![12 Cash Transactions to be reflected in Income Tax Annual information Statement [AY 22-23]](/_next/image?url=https%3A%2F%2Fassets.studycafe.in%2Fuploads%2F2022%2F06%2FSTUDYCAFE-IMAGES-Autosaved-101.jpg&w=3840&q=75)
12 Cash Transactions to be reflected in Income Tax Annual information Statement [AY 22-23]
![53 transactions covered in Annual information Statement/ Taxpayer Information Summary [AY 22-23]](/_next/image?url=https%3A%2F%2Fassets.studycafe.in%2Fuploads%2F2022%2F06%2FSTUDYCAFE-IMAGES-Autosaved-100.jpg&w=3840&q=75)