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1. Penalty u/s 271B - no tax audit conducted u/s 44AB - bonafide belief - When Gross profit is more than Rs.4 crores, it means the Gross Receipts were definitely more than...

2. Jurisdiction of Single Member Bench of the Income Tax Appellate Tribunal - Monetary limit Rs.50 lakhs for hearing Appeal - In the present case, the assessee returned...

3. Accrual of income - Difference between the receipts as per books and form No.26AS - Assessee has shown turnover of Rs.10.09 crores, declaring GP at 9.16% and Net Profit...

4. Mandatory e-Invoicing - Turnover limit reduced to 100 Crores from 500 crores - Seeks to amend Notification No. 13/2020 – Central Tax, dated the 21st March, 2020 - Notification

5. TP Adjustment - comparable selection - upper turnover filter - The assessee submits that the turnover of the assessee is only Rs. 124 Crores during the relevant previous...

6. Audit Limits - OPC,Dormant & Small companies and Private Co. having paid up capital < 100 crore out of twenty company audit limit

7. The class of registered person required to issue e-invoice - SEZ units excluded - Threshold limit of turnover enhanced from 100 crores to 500 crores.

8. Gratuity exemption u/s Section 10(10)(iii) - exemption limit raised to ₹ 25 lakhs

9. GST: Relief for SMEs, threshold for composition scheme raised

10. GST Revenue collection in the month of April 2018 exceeds ₹ 1 Lakh Crore