Additions Cannot Be Done by AO Based on Information Available in Form 26AS

The Hon’ble ITAT, Kolkata in the case of ITO v. M/S Star Consortium [Income Tax Appeal No. 04/KOL/2020 C.O. No. 08/Kol/2020, dated April 7, 2021] dismissed an appeal filed by the Revenue Department

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Request For Personal Hearing to Be Considered Before Passing Faceless Assessment Order

The Hon’ble Delhi High Court in Sanjay Aggarwal v. National Faceless Assessment Centre, Delhi [Writ Petition (C) 5471/2021 dated June 2, 2021] held that the usage of word ‘may’ under Section 144B(7)

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Overview of the Faceless Appeal Scheme, 2020

E-filing of appeals before CIT(Appeals) has already been enabled through e-Filing portal. However, the process that follows after filing of such appeal is neither electronic nor

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Tax Implications of the Income from Dream 11 and Other Fantasy Games

Virtual  gaming  brings  nostalgia  for  the  video  games  we  used  to  play  in  our  childhood.  Now,  as  we  have advanced,  the  technology  has  advanced,  the  gaming  system  has  too.  From

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Faceless Assessment Scheme: Well Thoughts with Ceratin Lags

The Hon’ble Prime Minister launched the ‘Faceless Assessment Scheme’ on the 13th of August 2020 with an aim to call for reduced Red-Tapism and corruption, better accountability from the de

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Concept and Applicability of TDS and TCS provisions w.e.f. October 1, 2018

Concept and Applicability of TDS and TCS provisions w.e.f. October 1, 2018 After getting deferred till September 30, 2018, the Central Government vide Notification No. 50/2018 – Central Tax dated Sep

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