Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application…
IDS-2016 condonation of delay in payment of taxes due to technical errors where payment is made through cheque, RTGS, electronic…
Assessment finality on search date reached if time for issuing notice us 143(2) had expired. In such cases additions can…
Understated sales rates-AO must bring evidence on record. Assessing Officer should make inquiry from parties to whom sales made to…
CBDT asks 20 Percent collection of current demand raised till November 2016 as per Central Action Plan 2016-17. CBDT Chairman…
No Penalty us 271(1)(c) for claiming excess depreciation in regular course with firm belief that it is legally allowable and…
Income Tax Department receives Silver Award for Innovations in e-filing of Income Tax Returns project- National Awards on e-Governance 2016-17.…
New Design PAN Card with QR Code from 10-01-2017. Quick Response Code having details of the PAN applicant for Aadhaar…
Reassessment-TDS certificate-PL Account Receipt Difference. It is a settled law that an assessment could not be reopened only on the…
Lost misplaced passbook entries-Account holder presumed to know bank deposits withdrawals details even if account is closed as there is…