Income Tax

  • Income Tax

Forming Opinion on assumption of incorrect facts that income has escaped assessment bad in Law

Forming Opinion on assumption of incorrect facts that income has escaped assessment. Reopening quashed as AO did not verify AIR…

6 years ago
  • Income Tax

Non furnishing information on apprehension of witch hunting and political misuse. ITAT upheld penalty

Non furnishing information on apprehension of political misuse. ITAT upheld penalty u/s 272A(1)(c) for non compliance to summons 131(1A) which…

6 years ago
  • Income Tax

No change of opinion when there was no earlier scrutiny assessment-High Court

No change of opinion when there was no earlier scrutiny assessment, therefore, the reopening of assessment was not bad in…

6 years ago
  • Income Tax

Special audit 142(2A) period is excluded from limitation period by clause (iv) to Explanation-1 of Section 153(1)

Special audit 142(2A) period is excluded from limitation period in terms of clause (iv) to Explanation 1 of section 153(1).…

6 years ago
  • Income Tax

22 Transfers postings (Local Change) in the grade of Pr. CCIT/Pr. DGIT/CCIT/DG of Income-tax

22 Transfers postings (Local Change) in the grade of Pr. CCIT/Pr. DGIT/Chief Commissioners of Income-tax/Director Generals of Income-tax F.No. A-32011/1/2018-Ad…

6 years ago
  • Income Tax

Additional Charges in the grade of CCIT, Chennai, Madurai, Kolkata

Additional Charges in the grade of CCIT, Chennai, Madurai, Kolkata F.No.  A-22011/2/2018-Ad.VI-(Part) Government of India Ministry of Finance Department of…

6 years ago
  • Income Tax

Revised Form 3CD in Excel Format for AY 2019-20. Download Revised Tax Audit Report

Revised Form 3CD in Excel Format for AY 2019-20. Download Revised Tax Audit Report with Annexures Revised Form 3CD in…

6 years ago
  • Income Tax

Determination of fair market value for inventory of immovable property, jewellery etc. Rule 11UAB

Rule 11UAB-Determination of fair market value for inventory of immovable property, jewellery, paintings, sculptures, work of art, shares securities etc.…

6 years ago
  • Income Tax

Amendments in PAN Rule, New Application Forms 49A 49AA – Read CBDT Draft Notification

Amendments in PAN Rule 114 and new application Forms 49A and Form 49AA making PAN compulsory for transactions of Rs.…

6 years ago
  • Income Tax

Payment for delayed allotment of plot by Housing Board not interest liable to TDS u/s 194A-High Court

Payment for delayed allotment of plot by Housing Board not interest liable to TDS u/s 194A. Expression ‘interest’ was used…

6 years ago