Income Tax

  • Income Tax

Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran

Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran  The Union…

6 years ago
  • Income Tax

Whether Registration u/s 12AA results in approval u/s 80G(5)-ITAT orders grant of certificate

Whether Registration u/s 12AA results in approval u/s 80G(5)-ITAT orders grant of certificate based on consistent judicial opinion ABCAUS Case…

6 years ago
  • Income Tax

Benefit of registration u/s 12AA can not be denied on the ground that it is sub-judice

Benefit of registration u/s 12AA can not be denied on the ground that it is sub-judice before the High Court…

6 years ago
  • Income Tax

Attachment under income tax relates back to the date of notice-Court cannot be oblivious of conduct of the party

Attachment under income tax act relates back to and takes effect from the date of notice as per Rule 51.…

6 years ago
  • Income Tax

Addition u/s 41(1) made on the ground of untraceable creditors-There was not cessation of liability-High Court

Addition u/s 41(1) made on the ground of untraceable creditors-the liability had not ceased or any advantage was taken. High…

6 years ago
  • Income Tax

Condonation u/s 119(2)(b) rejected without enquiry to the reasons for the delay and the justification was without proper consideration-High Court

Condonation u/s 119(2)(b) rejected without enquiry to the reasons for the delay and the justification given, only on the ground that…

6 years ago
  • Aadhaar

Nearly 17 crores Aadhaar numbers linked with PAN. 8779.65 Lakhs Current/Savings Accounts linked with Aadhaar

Linking of Aadhaar with PAN Cards-Nearly 17 crores Aadhaar numbers linked with PAN As per the information available as on…

6 years ago
  • Income Tax

Date of manufacture for claiming deduction u/s 10B is not the date of approval as 100 % export oriented undertaking-HC

Date of manufacture for claiming deduction u/s 10B is not the date of grant of approval as 100 per cent…

6 years ago
  • Income Tax

CCIT responsible for CIT-Appeals working and quality of orders-CBDT

CCIT responsible for CIT-A working and quality of orders. CIT-Appeals should abide by CBDT instructions for timely issue/dispatch of appellate…

6 years ago
  • Income Tax

Income-tax advisory for payment of monthly rent over Rs. 50000 pm

Income Tax Department has issued an advisory for payment of monthly rent over Rs. 50000/- ITD has cautioned individuals/HUFs (except those…

6 years ago