Business Updates

1 .Failure of the Assessing Officer to issue Income Tax scrutiny notice in time couldn’t be cured by resorting to sec. 292BB 2. No Income addition can be done against the fictitious entry in the books of accounts.  There was an interesting case before ITAT Delhi in the case of DCIT Vs Glass Tech […]

Finance Update

 1.The process of Income Tax Return filing for the Assessment Year 2022-23 has been initiated with timely notification of ITR Forms (from ITR-1 to ITR-6). However, only two ITR Forms – viz. ITR-1 (Sahaj) and ITR-4 (Sugam) – are now available on the Income Tax Portal for filing of the […]