• Income Tax

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

10 years ago

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, Dated 23rd…

  • Income Tax

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

10 years ago

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…

  • Income Tax

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

10 years ago

Period when reference was made to IAC u/s 144B (now 144BA) to be excluded while computing the period of limitation u/s…

  • RBI

Global Volatility-India was better prepared. India should try to take sensible measures without getting too ambitious, as we have done so far-Governor RBI.

10 years ago

Global volatility-India was better prepared. India should try to take sensible measures without getting too ambitious, as we have done…

  • RBI

Strengthening Free Enterprise in India – from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive-Raghuram Rajan, Governor RBI

10 years ago

Strengthening Free Enterprise in India - from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive. Reserve Bank…

  • Income Tax

Fresh tangible material not required to reopen if return processed u/s 143(1) and intimation is sent. AO to form only reasons to believe that income escaped-Delhi High Court

10 years ago

Fresh tangible material not required to reopen an assessment where the initially the return of income is processed u/s 143(1) and an…

  • Income Tax

CBDT Instruction 1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking the pre-dominant view of various High Courts

10 years ago

CBDT Instruction 1916 dated 11-05-1994 cbdt-instruction-1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking…

  • Income Tax

Addition for Jewellery in daughter-in-laws bedroom locker found during search operation u/s 132 deleted when she was having separate sources of income

10 years ago

Jewellery found in daughter-in-law's bedroom locker of at the time of search u/s 132 can not be added to the assessee's income…

  • Income Tax

Principle of Mutuality-Revision u/s 263 was bad When assessee claimed exemption on principle of mutuality in the return and AO also made detailed inquiries

10 years ago

When the assessee claimed exemption on the principle of mutuality in the return of income and the AO also made…

  • Income Tax

Reopening us 147 based on merely tax evasion petition bad as AO did not apply mind

10 years ago

Reopening  us 147 based on merely tax evasion petition itself bad in law as the AO had not satisfied himself before…