Income Tax Archive

Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3)

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Two Separate Directorate of Income Tax-Tax Payer Services-I & II to be set up by re-designating DIT (TDS) and DIT (lnfra-3) F.No.  A-11011/02/2015-Ad.VII Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the  24th January, 2017 Order No. 01/Ad.VII/2017 Subject: Dedicated

Transfer of unlisted shares by SEBI registered Category I & II Alternative Investment Funds- Income tax treatment. fresh directions by CBDT

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Transfer of unlisted shares by SEBI registered Category I & II Alternative Investment Funds- Income tax treatment. fresh directions by CBDT  F.No. 225/12/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 24th of January, 2017 To All Principal Chief-Commissioners of Income-tax/ All

Guiding Principles for determination of POEM of a Company. Place of effective management u/s 6(3) after amendment-CBDT

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Guiding Principles for determination of POEM of a Company. Place of effective management u/s 6(3) after amendment. Circular No. 06 of 2017 F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 24th January, 2017 Subject: Guiding Principles for determination of

Indirect Transfer Provisions Circular 41/2016 kept in abeyance due to the issue of possible multiple taxation of the same income.

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Indirect Transfer Provisions Circular 41/2016 kept in abeyance due to the issue of possible multiple taxation of the same income. Circular No. 4 of 2017 F.No 500/43/2012-FT&TRJV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (FT&TR- Division) New Delhi, 20th January, 2017. The

Appeal where additions made due to audit objection deleted in adverse judgment should be filed and contested on merits only

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Appeal where additions made due to  audit objection deleted in adverse judgment should be filed and contested on merits only CIRCULAR NO. 5/2017 FTS No. 279157/ITJ Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated 23rd January, 2017 Subject: Measures for reducing litigation- Clarification on

Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund rotations-ITAT

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Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund rotations required for achieving undisclosed purchases -ITAT  ABCAUS Case Law Citation: ABCAUS 1107 (2017) (01) ITAT Assessment Year : 2010-11 The Issue for determination: The issue before the ITAT

Deduction us 54-Old fund used for construction of new house. It is not mandatory that sale consideration new house should be used for construction-ITAT

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Deduction us 54-Old fund used for construction of new house. It is not mandatory that only the sale consideration of house sold is to be utilized for purchasing or constructing a new residential house-ITAT ABCAUS Case Law Citation: ABCAUS 1106 (2017) (01) ITAT Assessment Year : 2009-10  Important Case Laws
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