• Income Tax

Tied-up grants received from donor for specific purpose do not form part of total income of the charitable institution/trust u/s 11-ITAT

10 years ago

In a recent judgment, Hyderabad ITAT has held that grants or contribution in the nature of tied-up grants cannot be taken…

  • Income Tax

Foreign visit travel expenses, delegate fee and related expenses incurred for spouse of the chartered accountant firm’s partners disallowance

10 years ago

Disallowance made for foreign visit travel expenses, delegate fee and related expenses incurred for the spouses of the chartered accountant partners upheld…

  • Income Tax

Step by Step procedure for filing Online Form 15CA and Form 15CB applicable from 01/04/2016 as per CBDT Notification 93/2015

10 years ago

Procedure and Instructions to e-File Form 15CA and 15CB CBDT vide its notification no. 93/2015 dated 16-12-2015 has revised the…

  • Income Tax

No penalty imposable u/s 271(1)(c) where High Court accepted substantial question of law u/s 260A against quantum appeal

10 years ago

Where High Court accepted substantial question of law u/s 260A, against the quantum appeal, itself shows that issue was debatable…

  • Income Tax

Penalty u/s 271(1)(c) for mistake of not disclosing Long Term Capital Gain LTCG on the land part comprised in the block of Factory Building sold

10 years ago

In a recent judgment, ITAT Delhi has set aside penalty u/s 271(1)(c) and remanded the matter to CIT(A) for mistake of assessee…

  • Income Tax

Section 69/69C mandates that assessee must have incurred any expenditure. Additions can not be made by just estimating the expenditure-ITAT

10 years ago

ITAT Lucknow in a recent judgment has held that section 69 of the Income Tax Act, 1961 provides that the assessee must…

  • Income Tax

Special Audit u/s 142(2A) Stay Period to be excluded for Limitation concluding Block Assessment u/s 158BE-Supreme Court

10 years ago

In a recent judgment, Supreme Court has upheld that special audit u/s 142(2A) was an integral step towards assessment proceedings and…

  • Income Tax

Step-by-step-wise Procedure for uploading/e-filing of TDS Returns at Traces website with effect from 01/05/2016

10 years ago

Step-by-wise Procedure for e-filing of TDS Returns with effect from 01/05/2016 With effect from 01/05/2016 etds quarterly statements/returns shall not be…

  • Excise/Custom

Custom safeguard duty imposed on the final findings of Director General (Safeguards) on goods under heading 7208/tariff item 7225 30 90 1st Schedule

10 years ago

Government of India Ministry of Finance (Department of Revenue) Notification No. 1/2016-Customs (SG) New Delhi, the 29th March, 2016 G.S.R.…

  • Income Tax

PAN Allotment Statistics Financial Year 2013-14 for Income Tax Department

10 years ago

Income Tax Department PAN Allotment Statistics Financial Year 2013-14 1. PAN Allotment- Taxpayer Status Taxpayer Status PAN Allotted During FY 2013-14…