Income Tax

  • Income Tax

CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction

CIT not justified in disturbing consistent method of closing stock valuation by invoking revisionary jurisdiction u/s 263   ABCAUS Case…

6 years ago
  • Income Tax

ICAI Guide on Taxation of Non-Residents updated as per Finance Act, 2018

ICAI Guide on Taxation of Non-Residents updated as per Finance Act, 2018 ICAI has published the third edition (September 2018)…

6 years ago
  • Income Tax

Penalty for non filling consent form to get information from Swiss Banks-SC dismissed Review Petition

Penalty for non filling consent form to enable tax authorities to obtain information from Swiss Banks - Supreme Court dismissed…

6 years ago
  • Income Tax

TDS Exemption to interest income on specified off-shore Rupee Denominated Bonds issued outside India

TDS Exemption to interest income on specified off-shore Rupee Denominated Bonds issued outside India during the period from 17.09.2018 to 31.03.2019…

6 years ago
  • Income Tax

Approved gratuity fund contributions paid in respect of employees taken over eligible for deduction u/s 36(1)(v)

Approved gratuity fund contributions paid in respect of employees taken over by the company eligible for deduction under Section 36(1)(v)…

6 years ago
  • Income Tax

Settlement Commission has power to reject application at three stages. Bar u/s 245K(2) not apply to future AYs- HC

Settlement Commission has power to reject Application at three stages. Bar u/s 245K(2) is not in respect of application for…

6 years ago
  • Income Tax

CBDT transferred 50 officers in the grade of Principal Commissioners of Income Tax-Read Order

CBDT has transferred 50 officers in the grade of Principal Commissioners of Income Tax including 21 local changes. The details…

6 years ago
  • Income Tax

Claim of deprecation in revised return cannot be denied on the ground it was not claimed in original return

Claim of deprecation in revised return cannot be denied on the ground that it was not claimed in original return.…

6 years ago
  • Income Tax

Bogus Purchase 100 % disallowance-Dismissal of SLP did not merge SLP into order of Supreme Court – ITAT

Bogus Purchase 100% disallowance-Dismissal of SLP by Supreme Court did not merge the dismissal of the SLP into the order…

6 years ago
  • Income Tax

Reopening quashed as assessee was only a benamidar of alleged bank accounts

Reopening quashed as assessee was only a benamidar of alleged bank accounts and no action was taken against the real…

6 years ago