Income Tax

  • Income Tax

Advance for purchasing capital assets not deemed divided u/s 2(22)(e). It was a trade advance in the normal course of business – ITAT

Advance for purchasing capital assets not deemed divided u/s 2(22)(e). It was a trade advance in the normal course of…

7 years ago
  • Income Tax

CIT-A not to reject new claims made first time on the ground that it was not raised before AO. Litigants can also forget vital issues while filing appeal – ITAT

CIT-A not to reject new claims made first time on the ground that it was not raised before AO. Litigants…

7 years ago
  • Income Tax

Mistake in Tax audit report-taxes can not be collected without authority of law. Authorities duty bound to consider merits – ITAT

Mistake in Tax audit report-taxes can not be collected without authority of law. It is bounden duty of authorities to…

7 years ago
  • Income Tax

Income Tax Department has published list of 29 tax defaulters in leading newspapers

Income Tax Department has published list of 29 tax defaulters in leading newspapers  Income Tax Department has published a list…

7 years ago
  • Income Tax

Affidavit statement has to be taken as correct unless controverted by material filed by other party to counter the statement made therein – ITAT

Affidavit statement has to be taken as correct unless controverted by material filed by other party to counter the statement…

7 years ago
  • Income Tax

CBDT Chairman expresses dissatisfaction over recovery of demand and arrears as compared to Action Plan targets

CBDT Chairman expresses dissatisfaction over recovery of demand and arrears  CBDT Chairman Shri Sushil Chandra in his latest department letter…

7 years ago
  • Income Tax

False return filed by loan consultant send to handwriting expert for verification of the signature of the assessee on ITR-V

False return filed by loan consultant send to handwriting expert for verification of the signature of the assessee found on…

7 years ago
  • Income Tax

Guidelines for condonation of delay in appeal filing by Supreme Court and Calcutta High Court.

Guidelines for condonation of delay in appeal filing by Supreme Court and Calcutta High Court. In a recent judgment ITAT…

7 years ago
  • Income Tax

Rollback provision in revised India-Korea Double Taxation Avoidance Agreement (DTAA) – CBDT Clarification

Rollback provision in revised India-Korea DTAA-CBDT Clarification. Applications for bilateral APA for international transactions with Associated Enterprises  Clarification by Central…

7 years ago
  • Income Tax

PMGKDS 2016 Form V reference number to be quoted on while uploading the same renamed as Deposit Reference Number- RBI

PMGKDS 2016 Form V reference number to be quoted on while uploading the same renamed as Deposit Reference Number- RBI…

7 years ago