Category: Income Tax
Facility to view Form 2 Declaration filed with DPIIT by startup available in Income tax e-Filing portal Facility to view Form 2 Declaration filed with DPIIT (Department for Promotion of Industry and Internal Trade) by a startup is now available in e-Filing. The path for the access is …
Lack of full declaration in Form 10 of accumulation u/s 11(2) by itself would not be fatal to the claim. Supreme Court dismisses SLP of the Revenue ABCAUS Case Law Citation: ABCAUS 2842 (2019) (03) SC Important Case Laws Cited/relied upon by the parties CIT v. Hostel and …
CBDT authorises Addl. / Joint CIT (e-Verification) Delhi for centralized issuance of notice and for collection and processing of information GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) DIRECTOR GENERAL OF INCOME TAX (SYSTEMS) COMMISSIONER OF INCOME TAX (E-VERIFICATION) No: CIT (e-Verification)/Jurisdiction/2019-20/01,47 …
Issue of notice u/s 143(2) on the same day return was filed made the entire assessment illegal for being non application of mind by the AO – ITAT ABCAUS Case Law Citation: ABCAUS 2841 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Ashtech Industries Pvt. …
Mere agreeing to increased net profit rate, by itself was no ground to levy penalty u/s 271(1)(c) when it was already higher compared to preceding assessment years – ITAT ABCAUS Case Law Citation: ABCAUS 2840 (2019) (03) ITAT Important Case Laws Cited/relied upon by the parties Harigopal Singh …
The “Yeddy Diaries” entries prima-facie of doubtful nature- CBDT refutes media report The Congress today demanded an investigation after a report was published in news magazine “The Caravan” alleging payoffs by former Karnataka Chief Minister BS Yeddyurappa to BJP’s national leaders, its central committee, and judges and advocates”. …
Section 50C can be applied after claiming exemption u/s 54EC of the Income Tax Act. Any other interpretation would render the provisions redundant – High Court ABCAUS Case Law Citation: ABCAUS 2836 (2019) (03) HC Important Case Laws Cited/relied upon by the parties CIT Vs. Amarchand N. Shroff, (1963) 48 ITR 59 (SC) CIT Vs. Vadilal Lallubhai (1972) 86 ITR 2 (SC) K.P. …
No deemed dividend u/s 2(22)(e) when assessee not the beneficial owner of shares. Issue pending before larger bench of Supreme Court was not relevant – High Court ABCAUS Case Law Citation: ABCAUS 2835 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Universal Medicare National Travel …
Seat of ITAT not AO decides jurisdiction of High Court to which appeal would lie. High Court explains the law on jurisdiction over ITAT ABCAUS Case Law Citation: ABCAUS 2834 (2019) (03) HC Important Case Laws Cited/relied upon by the parties CIT Vs. Sahara India Financial Corp. Ltd. …
Amount forfeited on default of installment for purchase of property was capital in nature as the amount was fixed irrespective of which installment the assessee failed to pay – High Court ABCAUS Case Law Citation:ABCAUS 2833 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Commissioner …
