• Income Tax

Section 292BB can not cure time barred notice us 1432 issued after prescribed time limit. There is distinction between issue, service of notice-Allahabad HC

10 years ago

Section 292BB can not cure time barred notice us 143(2) issued after prescribed time limit. There is distinction between issue…

  • Income Tax

Committee notified for examining applications under Rule 10VA for approval of offshore funds having fund managers located in India-CBDT Press Release

10 years ago

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

  • 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…