Income Tax

  • 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
  • Income Tax

Levy of late fee u/s 234E before 01.06.2015-the judgment in favour of assessee needs to be followed -ITAT

Levy of fee u/s 234E before 01.06.2015-in view of difference between High Courts, the one in favour of assessee needs…

6 years ago
  • Start-ups

Angel Tax provisions relaxed for startups companies for making application for exemption-u/s 56(2)(viib)

Angel Tax provisions relaxed for startups. Companies with paid up share capital and share premium after the proposed issue up to…

6 years ago
  • 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