Income Tax

  • Income Tax

Designing of phase-2 of CPC-TDS future architecture and Business Processes-Suggestions invited from Officials

Designing of phase-2 of CPC-TDS future architecture and Business Processes for the next phase (2019-24) to serve the department, taxpayers…

6 years ago
  • Income Tax

Promotion of 118 Income Tax Officers (ITOs) to the grade of Assistant Commissioner of Income Tax (ACIT)

Promotion of 118 Income Tax Officers (ITOs) to the grade of Assistant Commissioner of Income Tax (ACIT)  CBDT has promoted…

6 years ago
  • Income Tax

High Court stays penalty proceedings during pendency of petition u/s 264 filed before Commissioner of Income Tax

High Court stays penalty proceedings during pendency of petition u/s 264 filed before Commissioner of Income Tax ABCAUS Case Law…

6 years ago
  • Income Tax

Capital gain Exemption u/s 54 allowed for new property purchased in joint names with wife & daughter

Capital gain Exemption u/s 54 can not be denied for new property purchased in joint names of self wife &…

6 years ago
  • Income Tax

Date of Agreement to purchase taken as date of acquisition for grant of exemption u/s 54F

Date of Agreement to purchase taken as date of acquisition for grant of exemption u/s 54F. Section 2(47) not stipulates…

6 years ago
  • Income Tax

Seeking immunity u/s 270AA no bar in assessee contesting same issue in any earlier AY-CBDT

Application seeking immunity u/s 270AA of the Income Tax Act shall not preclude assessee from contesting the same issue in…

6 years ago
  • Income Tax

Share Capital/Premium can not be regarded as undisclosed income u/s 68

Share Capital/Premium can not be regarded as undisclosed income. High Court deleted addition made for share premium u/s 68 ABCAUS…

6 years ago
  • Income Tax

CBDT specifies cases to be contested on merits notwithstanding tax effect as per CBDT Circular No. 3/2018

CBDT specifies cases to be contested on merits notwithstanding tax effect as per CBDT Circular No. 3/2018 increasing threshold monetary…

6 years ago
  • Income Tax

Valuation of inventory from tag price during survey u/s 133A-ITAT deletes addition for adopting incorrect procedure

Procedure for valuation of inventory from tag price during survey u/s 133A-Cost price has to be determined and due deduction…

6 years ago
  • Income Tax

Payments made by University to affiliated colleges for conducting examinations was not fee for technical services – ITAT

Payments made by University to affiliated colleges for conducting examinations in different centres were reimbursement and not fee for technical…

6 years ago