Income Tax

  • Income Tax

High Court declines to issue mandamus directing TDS refund pending scrutiny u/s 143(2)

High Court declines to direct refund pending scrutiny. Since matter is pending scrutiny before AO exercising the discretion u/s 143(1d)…

6 years ago
  • Income Tax

Extension of time for linking link PAN with Aadhaar to 30-06-2018

Extension of time for linking link PAN with Aadhaar to 30-06-2018 F. No.225/270/2017 ITA.II Government of India Ministry of Finance…

6 years ago
  • Income Tax

Deemed dividends not exempted u/s 10(34) in the hand of the payee-High Court

Deemed dividends not exempted u/s 10(34) in the hand of the payee since there is no payment of additional tax…

6 years ago
  • Income Tax

Reassessment upheld for non disclosure of Interest income set off against interest on loans

Reassessment upheld for non disclosure of Interest income set off against interest on loans and advances when production was not…

6 years ago
  • Income Tax

Income Tax Offices and ASK Centres open on 29th 30th and 31st March 2018

Income Tax Offices open on 29th 30th and 31st March 2018. ASK Centres also open to facilitate filing of returns…

6 years ago
  • Income Tax

Explanation can not be rejected applying prudent mans behaviour test. HC deletes addition made for cash deposits

Explanation can not be rejected applying prudent mans behaviour test.  High Court deletes addition made for cash deposits applying Principle…

6 years ago
  • Income Tax

Supreme Court explains the doctrine of mutuality with respect of non-occupancy charges etc. received by cooperative societies from members

Supreme Court explains the doctrine of mutuality. Receipts of non-occupancy charges, transfer charges, common amenity fund charges received by cooperative…

6 years ago
  • Income Tax

Be sensitive to the demands and the dignity the honest tax payer– President tells IRS Trainee Officers

Be sensitive to the demands and the dignity the honest tax payer, the tax payer is your partner, not your…

6 years ago
  • Income Tax

Due date for furnishing Country-by-Country report is 31st March 2018 u/s 286(2) only & not u/s 286(4)

Due date for furnishing Country-by-Country report -CBDT Clarification The Government of India issues clarification regarding requirement for furnishing of Country-by…

6 years ago
  • Income Tax

Conviction for non deposit of TDS u/s 278B of Income Tax Act against independent director set aside

Conviction u/s 278B of Income Tax Act against independent director set aside. Generally and vaguely stated allegations not sufficient to…

6 years ago