Income Tax

  • Income Tax

Right of appeal is a substantive right created by statute which cannot be retrospective. Appeal has to be filed within limitation prescribed

In a recent judgment, Allahabad High Court has held that  right of appeal is a matter of procedure which gets…

8 years ago
  • Income Tax

ITAT condoned 7 days delay in filing appeal before CIT(A)-Cause of substantial justice deserves to be preferred over technical considerations

"When substantial justice and technical considerations are pitted against each other, the cause of substantial justice deserves to be preferred"…

8 years ago
  • Income Tax

Granting exemption not claimed in return of income-Reservation of Supreme Court in Goetze India Ltd case is applicable to AO not to appellate authority

In a recent judgment, ITAT Jaipur while allowing assessee's claim of exemption u/s 11 held that the Supreme Court decision in Goetze…

8 years ago
  • Income Tax

Release of electronic ITR-1 ITR-4S and Form-15CA 15CB 15CC for AY 2016-17

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4th April,…

8 years ago
  • Income Tax

To establish the fact that the assessee cultivated the land the Adangal extract is a must

To establish the fact that the assessee cultivated the land the Adangal extract is a must In a recent judgment,…

8 years ago
  • Income Tax

Credit of self assessment tax paid can not be denied for charging interest under section 234A

In a recent order, ITAT Ahmedabad has held that the credit of self assessment tax paid which has the same effect…

8 years ago
  • Income Tax

CBDT-Record setting year for taxpayer services, issue of refunds FY 2015-16

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4 th…

8 years ago
  • Income Tax

E-filing Vault facility for securing income tax e-filing account against fraudulent attempts

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4 th…

8 years ago
  • Income Tax

sale of property distributed on dissolution of partnership firm amounts to capital gain not business income

ITAT, Ahmedabad has held that sale of shops by the assessee which were distributed on dissolution of partnership firm amounts to capital…

8 years ago
  • Income Tax

construction cost amortization of infrastructure facility under BOT project is allowable expenditure

In a recent judgment, ITAT Mumbai has held that as per CBDT circular no. 09 of 2014, construction cost on development…

8 years ago