Income Tax

  • Income Tax

Income Tax Project Insight to widen tax-base and data mining with L & T Infotech Ltd to track tax evaders. First phase expected to go live in May 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th July, 2016. Press…

8 years ago
  • Income Tax

Appointments of advocates on Income Tax panel not equitable and without consideration of the issue of law involved vis-a-vis experience of Advocate – Bombay HC

Appointments of advocates on Income Tax panel not equitable and without consideration of the issue of law involved visavis the experience of the Advocate…

8 years ago
  • Income Tax

Income Tax Business Application (ITBA) Exemption Module-Approval, registration cancellation of trusts societies non-profit companies u/s 12AA 80G(5) 10(23C)

Income Tax Business Application (ITBA) Exemption Module Income Tax Department has launched a new Income Tax Business Application (ITBA) Exemption…

8 years ago
  • Income Tax

CBDT entered into seven Unilateral Advance Pricing Agreements APAs with Indian taxpayers. Some of these agreements also have a Rollback provision

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th July, 2016. Press…

8 years ago
  • Income Tax

Additional depreciation u/s 32(1)(ii) on capital work in progress converted into plant and machinery erected, commissioned during the year allowable – ITAT

Additional depreciation u/s 32(1)(ii) on Capital Work in Progress converted into plant and machinery during the year is allowable -…

8 years ago
  • Income Tax

Forming opinion on the basis of information received by Investigation wing not satisfaction of the AO to reopen the case u/s 147 – ITAT

Forming opinion on the basis of information received by Investigation wing does not amount to satisfaction of the AO to…

8 years ago
  • Income Tax

Document pertaining to earlier year also constitutes record for rectification us 154 and if over-looked it amounts to a mistake apparent on record- ITAT

Document pertaining to earlier year also constitutes record and if the same is over-looked, it amounts to a mistake apparent…

8 years ago
  • Income Tax

Unrecoverable out of pocket expenses allowable u/s 37(1) as business loss

Unrecoverable out of pocket expenses allowable u/s 37(1) as business loss though not admissible as bad debts written off u/s s 36(1)(vii) -…

8 years ago
  • Income Tax

Refunds up to Rs. 5000/- in non-CASS cases to be made without outstanding demand adjustments u/s 245 during FY 2016-17 – CBDT

No. 312/ 67/ 2016-0T Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi,…

8 years ago
  • Income Tax

Limited Scrutiny Conversion into complete scrutiny-AO to form reasonable view. CBDT Instruction 5/2016.

Limited Scrutiny Conversion into complete scrutiny-AO to form reasonable view Instruction No. 5/2016 Government of IndiaMinistry of FinanceDepartment of RevenueCentral…

8 years ago