Income Tax

  • Income Tax

Cash Payments itself not undisclosed income unless corresponding asset found in search

Cash Payments itself not undisclosed income of assessee in the absence of corresponding asset found at the time of search.…

5 years ago
  • Income Tax

Not Pre-filling of ITR / TDS data-ITD advisory to Taxpayers

Not Pre-filling of ITR / TDS data-Taxpayers advised to verify pre-filled data carefully & fill manually if required, use latest…

5 years ago
  • Income Tax

Addition made only on the basis of statement which was later retracted unjustified – ITAT

Addition made only on the basis of statement which stood retracted on the next day itself was unjustified. ITAT deleted…

5 years ago
  • Income Tax

Reassessment order quashed for not supplying reasons recorded for re-opening despite written request

Reassessment order quashed for not supplying reasons recorded for re-opening the assessment u/s 148 in spite of assessee’s written request…

5 years ago
  • Income Tax

ITD to share assets information of loan defaulters with PSB-CBDT Instruction

Income Tax Department to share assets information of loan defaulters with PSB as per Schedule AL to ITR which contains…

5 years ago
  • Income Tax

ITAT warns awarding cost for not following SC guidelines in GKN Driveshafts

ITAT warns of awarding cost for AO not following guidelines of Supreme Court in GKN Driveshaft  where assessee objects to…

5 years ago
  • Income Tax

Delay in filing electronic appeal due to non updation of mobile in aadhar was sufficient reason-ITAT

Delay in filing electronic appeal due to non updation of mobile no. in aadhar so as to verify the OTP…

5 years ago
  • Income Tax

Exemption of pension to disabled armed forces personnel available to all ranks-CBDT

Exemption of pension granted to disabled armed forces personnel available to all ranks but not to those retired on superannuation…

5 years ago
  • Income Tax

Pending grievances on CPGRAMS /e-Nivaran due to lackadaisical attitude of authorities-CBDT Chairman

Pending grievances on CPGRAMS and e-Nivaran due to lackadaisical attitude of authorities – CBDT Chairman stresses on timely and proper…

5 years ago
  • Income Tax

Addition of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT

Addition on account of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT as…

5 years ago