No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment…
There is no concept of pre bargaining under Income Tax Act – ITAT dismisses delayed quantum appeal filed after initiation…
CBI arrested two Income Tax Officers in a bribery case of Rs. 14 lakh The Central Bureau of Investigation (CBI)…
CBDT has notified the income tax return formats for AY 2019-20. The Income-tax (Second Amendment) Rules, 2019 have been issued…
High Court imposes penalty of Rs. 50,000/ on Income Tax Department for harassment of assessee in illegally attaching bank account…
Indian Advance Pricing Agreement regime moves forward with signing of 18 APAs in March 2019 Government of IndiaMinistry of FinanceDepartment…
Sale of land made by partnership firm can not be added in partner’s hand. Assessment has to be done in…
CBIC analysis of ITR/TDS data received from CBDT shows possible leakage of Service Tax revenue As per Central Board of…
AO had inherent powers u/s 142(2C) to suo moto extend time for submission of special audit report directed u/s 142(2A),…
Loss by shop burglary arisen during the course of business allowed u/s 37(1) even when Insurance company assessed loss at…