Deferral of depreciation allowance not concealment of income or furnishing of any inaccurate particulars for levy of penalty u/s 271(1)(c).…
Fake Income Tax Search-ITD Delhi launched mobile help number to verify identity of genuine Income Tax Officials The other day,…
Procedure for filing Statement of Foreign income and Foreign Tax Credit by resident assessee by online filing Form 67 DGIT(S)-ADG(S)-3/e-filing…
Income Tax to lodge tax arrear claims and implead as party before NCLTs in sick companies cases governed by Insolvency…
Distinction between setting aside of assessment and assessment order. When assessment on an issue set aside and remanded for decision…
Show cause notice u/s 263 at old address was not full opportunity afforded to the assessee to controvert the grounds…
Rule 39A-Intimation of estimated income and advance tax payment as on 30th September to be furnished by the assessee in…
No Concealment penalty u/s 271(1)(c) for income surrendered during survey if income was disclosed in return which was filed within…
Disproportionate increase in expenses in relation to turnover can not be reason in itself for making adhoc disallowance without cogent…
Income Tax Officer is bound to furnish reasons for re-opening u/s 147 which should already be on record, prior to…