Category: Income Tax

CBDT authorises Addl. / Joint CIT (e-Verification) Delhi for centralized issuance of notice

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 …

Section 50C can be applied after claiming exemption u/s 54EC – High Court

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.   …