Income Tax

  • Income Tax

Addition for investment in land deleted when it was purchased by the company in directors name to facilitate transfer as per State Laws

Addition for investment in land deleted when it was purchased by the company in the name of director to facilitate…

6 years ago
  • Income Tax

Addition u/s 68 for not producing shareholders details deleted. In public issue company not expected to know every detail of subscribers-High Court

Addition u/s 68 for not producing shareholders details deleted as in public issue company not expected to know every detail…

6 years ago
  • Income Tax

Sale of shares can not be treated as business income merely on the basis of notes to Accounts

Sale of shares can not be treated as business income merely on the basis of notes to Audited Accounts. Five…

6 years ago
  • Income Tax

CEO Government e Marketplace (GeM) notified u/s 138(1) (a)(ii) for furnishing information by Income Tax Department

CEO Government e Marketplace (GeM) notified u/s 138(1) (a)(ii) for the purposes of furnishing information by Income Tax Department Section…

6 years ago
  • Income Tax

All pending scrutiny assessment to be conducted only through e-Proceeding except for search cases-CBDT Instruction

All pending scrutiny assessment to be conducted only through e-Proceeding except for search cases  CBDT has issued an Instruction (01/2018)…

6 years ago
  • Income Tax

Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT -High Court

Notice u/s 148 after four years by ACIT or DCIT requires sanction by CIT under the provisions of section 151(1)…

6 years ago
  • Income Tax

Income Tax Systems show pending refunds of Rs. 29000 crores approx

Income Tax Systems show pending refunds of Rs. 29000 crores approx In a recent  communication issued by the Director of Income…

6 years ago
  • Income Tax

Determination of fair market value of unquoted equity shares of Start Up companies u/s 56(2)(viib)-CBDT Instruction

Determination of fair market value of unquoted equity shares of 'Start Up' companies under section 56(2)(viib) of the Income-tax Act…

6 years ago
  • Income Tax

Penalty 272A(2)(c) on bank for delay in submitting information called u/s 133(6) deleted

Penalty u/s 272A(2)(c) imposed on a bank branch for delay in submitting information called u/s 133(6) deleted as bank branches…

6 years ago
  • Income Tax

No disallowance for mistake in Transporters declaration details filed u/s 194C with Income Tax Authorities

No disallowance for mistake in Transporters declaration details filed u/s 194C with Income Tax Authorities. Deduction is allowable if all…

6 years ago