Day: March 11, 2016

CBDT Revised Guidelines for Implementation of Transfer Pricing Provisions Instruction No. 03/2016

Instruction No. 3/2016 F. No. 500/9/2015-APA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax and Tax Research Division-I APA-II Section New Delhi, dated 10th March, 2016 Subject:  Guidelines for Implementation of Transfer Pricing Provisions-Replacement of Instruction No. 15/2015 -Regarding The provisions …

Verification of Genuineness of Agricultural Income shown in the Income Tax Return filed by the assesses for AY 2007-08 to 2015-16

Central Board of Direct Taxes F. No. DGIT(S)/DIT(S)-3/AST/PIL/2015-16 Dated: 10/03/2016 Verification of Genuineness of Agricultural Income shown in the Income Tax Return filed by theassesses for AY 2007-08 to 2015-16 – reg. The CBDT has issued the above letter in which it has pointed out that several assesses have …

CIT Revision u/s 263 unjustified alleging wiping out income surrendered u/s 133A treating it business income and not separately u/s 69A

INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 203(Asr)/2014 Assessment Year: 2009-10 M/s Superfine Agro Industries (Appellant) vs. Income Tax Officer (Respondent) Date of Order: 10/03/2016 ORDER PER T. S. KAPOOR (AM): This is an appeal filed by assessee against the order of learned CIT, dated 04.02. 2014 passed u/s …