Income Tax

  • Income Tax

Concealment penalty deleted when income was received by cheque after deducting TDS. ITAT accepts non disclosure as inadvertent

Concealment penalty deleted when income was received by cheque after deducting TDS. ITAT accepts that non disclosure was inadvertent not…

7 years ago
  • Income Tax

Procedure of PAN application through SPICe Form No INC-32 of Ministry of Corporate Affairs-CBDT Notification

Procedure of PAN application through SPICe Form No INC-32 of Ministry of Corporate Affairs F. No. Pr.DGIT(S)Tech/e-Biz/2008-09/Part Government of India…

7 years ago
  • Income Tax

Disallowance us 40(a)(ia) deleted on non CA certificate basis in the interest of justice and fair play by ITAT

Disallowance us 40(a)(ia) deleted on non CA certificate basis. In the interest of justice and fair play ITAT set aside…

7 years ago
  • Income Tax

PMKGY 2016-Existence of deposit in bank-cash in hand or deposits in an account maintained with a specified entity

PMKGY 2016-Existence of deposit in bank-cash in hand or deposits in an account maintained with a specified entity  on the…

7 years ago
  • Income Tax

Appeal delay condonation-when assessee not stand to gain by delaying filing appeals, reasons stated under oath in affidavit cannot be disbelieved

Appeal delay condonation-when assessee not stand to gain by delaying filing appeals, reasons stated under oath in affidavit cannot be…

7 years ago
  • Income Tax

Not allowing cross examination legally or factually incorrect. It was strange that FFA held that non providing such opportunity would not vitiate proceedings-ITAT

Not allowing cross examination legally or factually incorrect. It was strange that FFA held that non providing such opportunity would…

7 years ago
  • Income Tax

Exemption us 11 can not be denied if not filled in Schedule-F when the verification clause of ITR-7 was duly filled – Allahabad High Court

Exemption us 11 can not be denied if not filled in Schedule-F when the verification clause of ITR-7 was duly…

7 years ago
  • Income Tax

Interest expenditure Disallowance u/s 36(1)(iii)-Allahabad High Court says business expediency not a must, earlier Division Bench decision was not a good law

Interest expenditure Disallowance u/s 36(1)(iii) for interest free loan-Allahabad High Court says business expediency not a must, earlier Division Bench…

7 years ago
  • Income Tax

Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money

Persons whose tax profiles not match with cash deposits made in bank during the demonetization period identified-Operation Clean Money  Ministry…

7 years ago
  • Income Tax

Direct Tax Collections up to February 2017 show Growth of 10.7%. CBDT Press Release

Direct Tax Collections up to February 2017 show Growth of 10.7%.   Government of India Ministry of Finance Department of…

7 years ago