Income Tax

  • Income Tax

CBDT promotes 229 ITOs to the grade of ACIT on adhoc basis for one year

CBDT promotes 229 ITOs to the grade of ACIT on adhoc basis for one year CBDT has promoted 229 Income…

7 years ago
  • Income Tax

Defective return notice u/s 139(9) for non tax audit. CPC advises assessees to ignore them

Defective return notice u/s 139(9) for non tax audit. CPC has sent emails stating such notices were issued inadvertently and…

7 years ago
  • Income Tax

Manual paper return with refund claims filed by non super senior citizens not valid-CBDT

Manual paper return with refund claims filed by non super senior citizens not valid-CBDT As per Section 139(1) of the…

7 years ago
  • Income Tax

CIT can exercise powers u/s 263 despite assessee’s appeal on that or some other aspect-High Court

CIT can exercise powers u/s 263 despite assessee’s appeal on that or some other aspect if the same was the…

7 years ago
  • Income Tax

Indirect Transfer provisions for redemption of share or interest outside India-Clarification

Indirect Transfer provisions for redemption of share or interest outside India under the Income-tax Act 1961-Clarification by CBDT  Circular No.28/2017…

7 years ago
  • Income Tax

Delhi High Court strucks down seven ICDS as ultra vires with CBDT Notification and Circular

Delhi High Court strucks down seven ICDS as ultra vires with CBDT Notification Nos. 87 and 88 dated 29th September…

7 years ago
  • Income Tax

CBDT cannot issue circular with retrospective effect-Supreme Court

CBDT cannot issue circular with retrospective effect-Supreme Court. Revised monetary limits for appeals to apply prospectively. CBDT vide Instruction No.…

7 years ago
  • Income Tax

No delay condonation application was required for appeals when the order was received late- ITAT

No delay condonation application was required for appeals when the order was received late- ITAT restores appeals of the assessee…

7 years ago
  • Income Tax

Penalty can not be imposed based on findings of assessment proceedings as they cannot automatically be adopted

Penalty can not be imposed on the basis of findings of assessment proceedings as they cannot automatically be adopted in…

7 years ago
  • Income Tax

Penalty for late filing VAT return-balance sheet held non compensatory and disallowed u/s 37 by ITAT

Penalty for late filing VAT return-balance sheet held non compensatory and disallowed as per Explanation -1 to section 37 as…

7 years ago