Daily Archive: Monday, May 23, 2016

Section 292BB can not cure time barred notice us 1432 issued after prescribed time limit. There is distinction between issue, service of notice-Allahabad HC

Author: | Categories: High Courts, Income Tax, Judgments No comments
Section 292BB can not cure time barred notice us 143(2) issued after prescribed time limit. There is distinction between issue and service of notice-Allahabad High Court Case Law Details: Income Tax Appeal: No. 58 of 2016 Appellant :- Commissioner Of Income Tax (Exemption), Lucknow Respondent :- M/S Sushila Umrao Singh

Committee notified for examining applications under Rule 10VA for approval of offshore funds having fund managers located in India-CBDT Press Release

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 23 rd May, 2016 Sub: – Notification of Committee for Examining Applications made under Rule 10VA. The Finance Act, 2015 inserted a new section 9A to the Income-tax Act, 1961

FMV determination and reporting requirement for Indian concern-Indirect transfer provisions-section 9(1)-CBDT Press Release

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, Dated 23rd May, 2016 Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indirect transfer provisions-section 9(1) of the Income-tax Act, 1961-reg. Under section 9 of the

Form 15G 15H UID Furnishing Relaxation for the quarter ending 31-12-2015 and 31-3-2016 in the quarterly statement of deduction of tax-CBDT Circular 18/2016

Author: | Categories: Income Tax No comments
Form 15G 15H UID Furnishing Relaxation for the quarter ending 31-12-2015 and 31-3-2016 Circular No 18/2016 F.No 142/32/2015-TPL Government of India Ministry of Finance Department  of Revenue Central Board of Direct Taxes (TPL Division) Dated 23rd, May 2016 Sub: Relaxation for Furnishing of UID in case of Form 15

Period of reference us 144B-144BA to be excluded for limitation u/s 153 except where IAC/CIT exercises powers, performs functions of ITO-Supreme Court

Author: | Categories: Income Tax, Supreme Court No comments
Period when reference was made to IAC u/s 144B (now 144BA) to be excluded while computing the period of limitation u/s 153. Section 144B not to apply only in that case where the IAC exercises the powers or performs the functions of an ITO-Supreme Court.  Case Law Details: Civil Appeal
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