Income Tax

  • Income Tax

No disallowance u/s 40A(3) even if aggregate payment exceeds Rs 20000 if bills amount not exceed Rs. 20000

No disallowance u/s 40A(3) even if aggregate payment exceeds Rs 20000 if payment is made in cash against different bills…

6 years ago
  • Income Tax

Self-made vouchers would not make expenses not genuine unless they do not carry necessary details-ITAT

Self-made vouchers would not make expenses not genuine unless they do not carry necessary details like address of the recipient…

6 years ago
  • Income Tax

AO obliged to give eligible deductions when making additions for income not disclosed in return-ITAT

AO obliged to give eligible deductions when making additions for income not disclosed in return of income-ITAT allowed 54F deduction for…

6 years ago
  • Income Tax

Question of source of purchase relevant only for year of purchase not sale-ITAT

Question of source of purchase relevant only for year of purchase not sale. Bank deposits made out of property sold…

6 years ago
  • Income Tax

Income Tax Prosecution for not disclosing foreign bank accounts. Petition for Joint Trial rejected in complaints u/s 276C and 277

Income Tax Prosecution for not disclosing foreign bank accounts. Special Judge rejects petition for Joint Trial in all complaints u/s…

6 years ago
  • Income Tax

AO can not enhance assessment on an order of remand by ITAT-High Court

AO can not enhance assessment on an order of remand by ITAT. The Tribunal has no power to enhance assessment…

6 years ago
  • Income Tax

CBDT warns salaried taxpayers for under-reporting of income or claim inflated deductions

CBDT warns salaried taxpayers for under-reporting of income or inflate deductions Centralized Processing Center, Bengaluru Income Tax Department Advisory Bengaluru,…

6 years ago
  • Income Tax

Misbehaviour and harassment by Sr. Officers of the Income Tax Department. Advisory

Misbehaviour and harassment by Sr. Officers of the Income Tax Department-Advisory  Principal Director General of Income Tax (Administration & TPS)…

6 years ago
  • Income Tax

Deduction 54F-House used for commercial activity not counted for limit of one residential house-ITAT

Deduction 54F-House used for commercial activity not counted for limit of one residential house on the date of transfer of…

6 years ago
  • Income Tax

Exclusive Jurisdiction of one CIT-A overs cases assessed under the Black Money Act 2015.

Exclusive Jurisdiction of one CIT-A overs cases assessed under the Black Money Act 2015. Nineteen such stations notified by CBDT …

6 years ago