Income Tax

  • Income Tax

NRE Account interest exempt u/s 10(4)(ii) only if assessee is resident outside India under FEMA Provisions

NRE Account interest exempt u/s 10(4)(ii) only if assessee is resident outside India for the concerned fiscal year under FEMA…

5 years ago
  • Income Tax

CBDT transfers 43 officers in the grade of Assistant Commissioner/ Deputy Commissioner of Income Tax

CBDT transfers 43 officers in the grade of ACIT/DCIT. Thirty Officers to be posted at non-sensitive and non-field post. Read…

5 years ago
  • Income Tax

Prosecution filed without initiation of assessment proceedings upheld. Compounding/Settlement not a natural right

Prosecution filed without initiation of assessment proceedings upheld. Compounding or approaching Settlement Commission not a natural right - Sessions Court …

5 years ago
  • Income Tax

No tax audit in one proprietorship firm-ITAT deleted penalty u/s 271B as no accounts were kept

No tax audit in one proprietorship firm-ITAT deleted penalty u/s 271B as when no accounts was maintained, assessee was not…

5 years ago
  • Income Tax

Additional depreciation on revenue expenditure on installation of plant & machinery allowable

Additional depreciation on revenue expenditure on installation of plant and machinery allowable. ITAT directs AO to delete the addition ABCAUS…

5 years ago
  • Income Tax

Revenue Secretary inaugurates National e-Assessment Centre Faceless e-Assessment launched

Revenue Secretary inaugurates National e-Assessment Centre of IT Department Faceless e-Assessment for income tax payers launched New Initiative shall impart…

5 years ago
  • Income Tax

Revised jurisdiction of DCIT/ACIT/ITO in National Capital Territory/Municipal Wards of Delhi – CBDT Order

Revised jurisdiction of Deputy/Assistant Commissioner of Income Tax and Income Tax Officers in National Territory/Municipal Wards of Municipal  Corporation of…

5 years ago
  • Income Tax

Approval u/s 153D not empty formality & if granted without application of mind not valid in eyes of law

Approval u/s 153D not empty formality and not valid in the eyes of law if granted without application of mind…

5 years ago
  • Income Tax

Transfer/posting in the grade of CCIT & PCIT to the Newly Created Regional e-Assessment Centre (ReACs) at various Station across…

5 years ago
  • Income Tax

CBDT directions on Regional e-Assessment Centres (ReAC) ‘s Headquarters, functions and powers

CBDT directions on Regional e-Assessment Centres (ReAC)'s Headquarters, functions and powers. List of Authorities to exercise powers/functions of AO concurrently…

5 years ago