Income Tax

  • Income Tax

Prosecution u/s 276CC for violation u/s 139(1) and 142(1) with or without adjudicatory proceedings

Prosecution for violation u/s 139(1) and 142(1) quashed as penalty u/s 271F was deleted by CIT(A) and no adjudicatory proceedings…

6 years ago
  • Income Tax

No Requirement for obtaining PAN card by corporate assessees. PAN & TAN mentioned in Certificate of Incorporation sufficient

No Requirement for obtaining PAN card by corporate assessees. PAN & TAN mentioned in Certificate of Incorporation shall be sufficient…

6 years ago
  • Income Tax

Location of the Plant outside EOU and customs bonded area not a disqualification to claim deduction u/s 10B-High Court

Location of the Plant outside EOU and customs bonded area not a disqualification to claim deduction under Section 10B of…

6 years ago
  • Income Tax

Income Tax Benami Property Unit to have 360 degree view of PAN details

Income Tax Benami Property Unit to have 360 degree view of PAN details As per ITBA-Investigation Instruction issued by the…

6 years ago
  • Trial Court

No immunity from prosecution of offences undergoing trial before application to Income Tax Settlement Commission

No immunity from prosecution of offences undergoing trial before application to Income Tax Settlement Commission in view of the proviso…

6 years ago
  • Income Tax

Prosecution u/s 276B of directors as Principal Officer upheld as they failed to disclose who was managing affairs of the company

Prosecution u/s 276B of directors as Principal Officer upheld as they failed to disclose who was managing the affairs of…

6 years ago
  • Income Tax

Educational institutions may take more creative steps to qualify their objectives as an “educational purpose”-High Court

Educational institutions may take more creative steps to qualify their objectives as an “educational purpose” than objectives set out in…

6 years ago
  • Income Tax

CBDT Draft notification proposing an amendment to rule 44E, Form 34C, 34D and 34DA

Draft notification proposing an amendment to rule 44E, Form 34C, 34D and 34DA F.No.370142/34/2016-TPL (Part) Government of India Ministry of…

6 years ago
  • Income Tax

High Court upheld inclusion and exclusion of comparables by TPO based on filters adopted

High Court upheld inclusion and exclusion of comparables by TPO based on filters of losses, declining sales, segment reporting employee…

6 years ago
  • Income Tax

Unilateral writing off liability in the books of creditor can not be taxed u/s 41 as cessation of liability – ITAT

Unilateral writing off liability in the books of creditor can not be taxed u/s 41 in the hands of the…

6 years ago