Nilimesh Baruah appointed as Director in Serious Fraud Investigation Office
Bank
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Recent Posts
- Income Tax Digest 23.5.2026
- Refund adjustment based on portal demands without a valid assessment order is completely illegal.
- Waived working capital loan is a non-taxable capital receipt and its reopening constitutes a review.
- BSNL Voluntary Retirement Scheme compensation qualifies as fully exempt retrenchment compensation under Section 10(10B).
- Tribunal rules in favor of assessee on brand fees, discounts, and book profit adjustments.
- Additions for bogus purchases from the Bhanwarlal Jain group are restricted to six percent.
- Agricultural Land Sale Exemption Claim Can Be Made Via Revised Computation If Supporting Evidence Is Already On Record
- Revenue can appeal expatriate employee remuneration allowance as previous non-challenge was an inadvertent omission.
- Appeal Against Assessment Order Is Maintainable Regardless of Pending Appeal Against Section 143(1) Intimation
- Unpaid TDS embedded in work-in-progress cannot be disallowed if expenditure is not claimed in profit and loss.
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