Income Tax

  • Income Tax

Tax demands raised on Software Industry for services provided abroad. Govt says apprehensions without basis

Tax demands raised by Income Tax on Software Industry for export of IT/IT enabled services provided to clients abroad. Govt…

6 years ago
  • Income Tax

Deemed dividend provisions are not attracted in the absence of actual payment – High Court

Deemed dividend provisions not attracted in absence of actual payment. Payment u/s 2(22)(e) has to be physical-actual and not mere…

6 years ago
  • Income Tax

Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year-SC

Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year even if in initial year…

6 years ago
  • Income Tax

Mere not recording of transactions not make them undisclosed if entries are verifiable from other primary records

Mere not recording of transactions not make them undisclosed if entries are otherwise verifiable from other primary books. High Court…

6 years ago
  • Income Tax

Jewellery held belonging to 3 wives though purchase bills found in search were in assessee’s name.

Jewellery held belonging to 3 wives though purchase bills found in search were in assessee's name. HC uphelds deletion of…

6 years ago
  • Income Tax

Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors -High Court

Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court…

6 years ago
  • Income Tax

Reopening materials include subsequent years assessments -High Court

Reopening materials include subsequent years assessments scrutiny during the course of whose proceedings AO has occasion to see if the…

6 years ago
  • Income Tax

Income Tax Officer suspended for demanding bribe through taxpayer’s chartered accountant

Income Tax Officer suspended for demanding bribe through taxpayer's chartered accountant which was substantiated by audio recordings and case records…

6 years ago
  • Income Tax

CBDT extends time for linking Aadhaar with PAN till 31-03-2018. Order u/s 119

CBDT extends time for linking Aadhaar with PAN till 31-03-2018. Earlier the time was allowed till 31.12.2017. CBDT order u/s…

6 years ago
  • Income Tax

Revision order passed without confronting assessee with material in possession breached natural justice

Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in…

6 years ago