Income Tax

  • Income Tax

Cash sale of agricultural produce by cultivator to traders – Clarification by CBDT

Cash sale of agricultural produce by cultivator to traders for an amount less than Rs 2 Lakh not attract disallowance…

7 years ago
  • Income Tax

Refund granted should be adjusted first towards interest component – ITAT

Refund granted should be adjusted first towards interest component and balance left if any shall be adjusted towards the tax…

7 years ago
  • Income Tax

Addition based on judicial precedence unsustainable without addressing factual inadequacies – ITAT

Addition based on judicial precedence in other cases unsustainable without first addressing the factual inadequacy of assessee’s explanation - ITAT…

7 years ago
  • Income Tax

Cash received over and above land registry price treated as capital gain for taxation purpose

Cash received over and above land registry price treated as capital gain for taxation purpose. Addition on account of unexplained…

7 years ago
  • Income Tax

Adding new source of income by CIT-A is beyond his powers u/s 251 of Income Tax Act-High Court

Adding new source of income by CIT-A is beyond his powers u/s 251 of Income Tax Act if such new…

7 years ago
  • Income Tax

Supreme Court explains scope and interpretation of Section 44BB of the Income Tax Act 1961

Supreme Court explains scope and interpretation of Section 44BB of the Income Tax Act 1961. Provisions of Sections 5 and…

7 years ago
  • Income Tax

Income Tax Rules 10DB 10DA-IncomeTax 24th Amendment Rules 2017

Income Tax Rules 10DB and 10DA-Information/documents to be maintained under proviso u/s 92D(1), Furnishing of Report in respect of an…

7 years ago
  • Income Tax

CBDT promotes 86 Additional CITs to the grade of Commissioner of Income Tax

CBDT promotes 86 Additional CITs to the grade of Commissioner of Income Tax  CBDT promotes 86 Additional CIT to the…

7 years ago
  • Income Tax

Reassessment quashed as change of opinion when AO’s views formed in original assessment doubted

Reassessment quashed for being a change of opinion when view and opinion formed by AO in original assessment were doubted…

7 years ago
  • Income Tax

Registration u/s 12AA-Document evidencing creation of Trust could be of any type – ITAT

Registration u/s 12AA-Document evidencing creation of Trust could be of any type.  Trust can be created even orally and if…

7 years ago