Income Tax

  • Income Tax

Reopening for cash deposits for non response to notice u/s 133(6) illegal where assessment was completed u/s 143(3)/147 4 years before

Reopening for cash deposits for non response to notice u/s 133(6) is illegal where assessment was completed u/s 143(3)/147 and…

7 years ago
  • Income Tax

Revised timelines for completion of due diligence under Rule 114H(8) under alternative procedure of FATCA self-certifications to be provided till 30-04-2017

Revised timelines for completion of due diligence under Rule 114H(8) under alternative procedure of FATCA self-certifications to be provided till…

7 years ago
  • Income Tax

Digitally signed E-PAN card. CBDT issues PAN and TAN within 1 day to companies.

Digitally signed E-PAN card can be submitted as proof of identity to other agencies electronically. CBDT issues PAN and TAN…

7 years ago
  • Income Tax

Despite more than prescribed Trucks-income ordered to be computed u/s 44AE – ITAT Order

Despite more than prescribed Trucks-income computed u/s 44AE at rates prescribed in the section with benefits of salary & partner's…

7 years ago
  • Income Tax

Penalty notice without specific charges when assessee had no confusion if it was for concealment or inaccurate particulars-Upheld

Penalty notice without specific charges when assessee had no confusion as to if it was for concealment or inaccurate particulars as…

7 years ago
  • Income Tax

Employees LTC LFC claims for foreign travel not exempt u/s 10(5). Employer rightly treated assessee in default for non deduction of TDS – ITAT

Employees LTC LFC claims for foreign travel not exempt u/s 10(5). Employer rightly treated assessee in default u/s 201(1) and…

7 years ago
  • Income Tax

Conversion of shares as stock-in-trade into investment-no prohibition in law. Res-judicata no bar in like questions in subsequent years-Kolkata High Court

Conversion of shares as stock-in-trade into investment-no prohibition in law. Res-judicata no bar in like questions in subsequent years-Kolkata High…

7 years ago
  • Income Tax

Revisionary order quashed as wrong allowance caused no prejudice to the interest of Revenue and twin conditions u/s 263 not satisfied-ITAT

Revisionary order quashed as wrong allowance caused no prejudice to the interest of the Revenue and the twin conditions u/s…

7 years ago
  • Income Tax

Revised Form 10DA for claiming new workmen wages deduction under section 80JJAA-CBDT Notification

Revised Form 10DA for claiming new workmen wages deduction under section 80JJAA As per the amended section 80JJAA of the…

7 years ago
  • Income Tax

Appeal delay condonation-oversight due to election duty. CIT(A) did not find facts false, appellant did not stand to gain by belated appeal- ITAT

Appeal delay condonation-oversight due to election duty. CIT(A) did not find facts false, appellant did not stand to gain by…

7 years ago