Income Tax

  • Income Tax

Failure of AO to apply section 184(5) makes assessment order erroneous & prejudicial to Revenue

Failure of AO to apply/examine applicability of section 184(5) makes the assessment order erroneous and prejudicial to the interests of…

4 years ago
  • Income Tax

Reassessment u/s 148 due to credit card payment. Addition deleted in view of returned income

Reassessment u/s 148 due to credit card payment. ITAT directed AO to delete the addition made in view of returned…

4 years ago
  • Income Tax

CBDT promoted 113 Officers to the grade of CIT. 165 local changes also ordered. Read CBDT Order

CBDT promoted 113 Officers to the grade of Commissioner of Income Tax (CIT).  78 transfers have also been made in…

4 years ago
  • Income Tax

CBDT extends 157 adhoc appointment in the grade of Assistant Commissioner of Income Tax

CBDT extends 157 adhoc appointment in the grade of Assistant Commissioner of Income Tax (ACIT) against the vacancy year 2014-15…

4 years ago
  • Income Tax

Extension of last date of payment of Dec instalment of Advance Tax FY 2019-20 in North Eastern States

Extension of last date of payment of December instalment of Advance Tax for FY 2019-20 in North Eastern States F.No.385/38/2019-IT(B)Government…

4 years ago
  • Income Tax

Presumptive tax u/s 44AE – No addition for cash deposit in bank out of business receipts unless rebutted

Presumptive tax u/s 44AE - No addition for cash deposit in bank made out of business receipts unless rebutted by…

4 years ago
  • Income Tax

Human probability is that truck drivers insist for cash payment-ITAT deleted additions u/s 40A(3)

Human probability is that truck drivers would insist for cash payment-ITAT deleted additions u/s 40A(3) for cash payments ABCAUS Case…

4 years ago
  • Income Tax

IDS Scheme 2016 – Payment of tax/interest/penalty on undisclosed income may be made till 31.01.2020

IDS Scheme 2016 - Payment of tax/interest/penalty on undisclosed income may be made till 31.01.2020 MINISTRY OF FINANCE(Department of Revenue)…

4 years ago
  • Income Tax

The Taxation Laws (Amendment) Act 2019. Read / Download Full Text

The Taxation Laws (Amendment) Act 2019. Tax on income of certain domestic companies. The Taxation Laws ( Amendment ) Ordinance,…

4 years ago
  • Income Tax

Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 – Clarifications

Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 - Clarifications in context of provisions of the Finance (No.2) Act, 2019 and…

4 years ago