Income Tax

  • Income Tax

Relief under the 89 of the Act is available qua a perquisite – ITAT

Relief under the 89 of the Act is available qua a perquisite. Rule 21A and Form 10E do relate to…

6 years ago
  • Income Tax

TDS 194C not applicable on payment by contractee to contractor. Supreme Court dismisses SLP of Income Tax Department

TDS 194C not applicable on payment by contractee to contractor of license fee. Supreme Court dismisses SLP of the Income…

6 years ago
  • Income Tax

Exemption notification should be interpreted strictly. Assessee can not claim benefit of ambiguity-Supreme Court

Exemption notification should be interpreted strictly. Burden of proving applicability is on assessee who can not claim benefit of ambiguity-Supreme…

6 years ago
  • Income Tax

Penalty 271(1)(c) deleted on debatable issue of revenue or capital receipt of the freight subsidy

Penalty 271(1)(c) deleted on debatable issue of revenue or capital receipt of the freight subsidy not accounted for on mercantile…

6 years ago
  • Income Tax

Right to appeal provided in statute u/s 249 can not be taken away by CBDT in a delegated manner – ITAT

The right to appeal has been provided in statute u/s 249 which can only be taken away by legislative amendment…

6 years ago
  • Income Tax

Empanelment of CA Firms as Special Auditor u/s 142(2A) at Income Tax Office Mumbai. Last date 03.08.2018

Empanelment of CA Firms as Special Auditors u/s 142(2A) at Income Tax Office Mumbai for FY 2018-19 and 2019-20. Last…

6 years ago
  • Income Tax

Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the hand of supplier

Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the…

6 years ago
  • Income Tax

Addition u/s 69 deleted as AO failed to call information from bank of loan creditor

Addition u/s 69 deleted as AO failed to call information from bank of loan creditor. Case restored back for verifying…

6 years ago
  • Income Tax

Issue certificate of Nil or lower rate TDS u/s 197 and 195 within 30 days-CBDT instruction

Certificate of Nil-lower rate TDS u/s 197 and 195 of the Income Tax Act, 1961 to be issued within 30…

6 years ago
  • Income Tax

Extension of ITR filing due date of 31st July 2018 to 31st August 2018 by CBDT

Extension of ITR filing due date of 31st July 2018 to 31st August 2018 by CBDT. The applicability of late…

6 years ago