Income Tax

  • Income Tax

Concealment penalty for change in method of stock valuation deleted by ITAT

Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was…

6 years ago
  • Income Tax

Further Extension of due date of 31.08.2018 for ITR filing is surely in the anvil but for the announcement. 

Further Extension of due date of 31.08.2018 for income tax return filing for more flood affected States is surely in the…

6 years ago
  • Income Tax

CBDT promotes 16 Officers to the grade of Principal Chief Commissioner of Income Tax

CBDT promotes 16 Officers to the grade of Principal Chief Commissioner of Income Tax CBDT has promoted 16 Officers to…

6 years ago
  • Income Tax

Central Board of Direct Taxes transfers 10 Chief Commissioners of Income Tax

CBDT transfers 10 Chief Commissioners of Income Tax. Order No. 143 of 2018, Transfer and posting in the grade of…

6 years ago
  • Income Tax

Shocked Supreme Court fines CIT Ghaziabad with fine of Rs 10 lakhs for misleading statement

Shocked Supreme Court fines Commissioner Income Tax with fine of Rs 10 lakhs for misleading statement about pendency of a…

6 years ago
  • Income Tax

Grossing up for TDS was applicable on payment to foreign University as DTAA did not define “gross amount”-High Court

Grossing up for TDS was applicable on payment to foreign University for technical services as DTAA did not define the…

6 years ago
  • Income Tax

Extension of due date for filing Income-tax return by assessees in Kerala from 31st August, 2018 to 15th September

Extension of due date for filing Income-tax return by assessees in Kerala from 31st August, 2018 to 15th September, 2018.…

6 years ago
  • Income Tax

Addition made for low house hold withdrawals from capital upheld by ITAT

Addition made for low house hold withdrawals from capital upheld by ITAT rejecting the explanation of of joint family living…

6 years ago
  • Income Tax

High Court refuse to entertain writ against reopening notice u/s 148 in the absence of concluded findings of facts

High Court refuse to entertain writ against reopening notice u/s 148 as benefit of concluded finding of facts was not…

6 years ago
  • Income Tax

Booking of flat is not date of acquisition for claim of capital gain exemption u/s 54F. ITAT

Booking of flat is not date of acquisition for claim of capital gain exemption u/s 54F. ITAT upheld denial of…

6 years ago