Income Tax

  • Income Tax

Income Tax to lodge tax arrear claims and implead as party before NCLTs in sick companies cases

Income Tax to lodge tax arrear claims and implead as party before NCLTs in sick companies cases governed by Insolvency…

7 years ago
  • Income Tax

Distinction between setting aside of assessment and assessment order for time limit u/s 153(2A)

Distinction between setting aside of assessment and assessment order. When assessment on an issue set aside and remanded for decision…

7 years ago
  • Income Tax

Show cause notice u/s 263 at old address was not full opportunity afforded to the assessee

Show cause notice u/s 263 at old address was not full opportunity afforded to the assessee to controvert the grounds…

7 years ago
  • Income Tax

Rule 39A-Intimation of estimated income and advance tax payment to be furnished by the assessee

Rule 39A-Intimation of estimated income and advance tax payment as on 30th September to be furnished by the assessee in…

7 years ago
  • Income Tax

No Concealment penalty u/s 271(1)(c) for income surrendered during survey

No Concealment penalty u/s 271(1)(c) for income surrendered during survey if income was disclosed in return which was filed within…

7 years ago
  • Income Tax

Disproportionate increase in expenses in relation to turnover not a reason for disallowance – ITAT

Disproportionate increase in expenses in relation to turnover can not be reason in itself for making adhoc disallowance without cogent…

7 years ago
  • Income Tax

Income Tax Officer is bound to furnish reasons for re-opening u/s 147 – High Court

Income Tax Officer is bound to furnish reasons for re-opening u/s 147 which should already be on record, prior to…

7 years ago
  • Income Tax

ITAT has no jurisdiction to direct registration of Trust u/s 12AA without satisfaction recorded by Commissioner

ITAT has no jurisdiction to direct registration of Trust u/s 12AA without there being satisfaction recorded by the Registering Authority…

7 years ago
  • Benami

CBDT-SOP for implementation of Prohibition of Benami Property Transactions Act 1988

CBDT-SOP for implementation of Prohibition of Benami Property Transactions Act 1988 following setting up of dedicated Benami Prohibition Units (BPUs)…

7 years ago
  • Income Tax

Limitation u/s 153-Period between vacation of stay and receipt of order not covered

Limitation u/s 153-Period between vacation of stay and receipt of order not covered. Only the period during which the assessment…

7 years ago