Income Tax

  • Income Tax

Mere hiring of vehicle without any risk associated with the carriage of goods not a contract liable to TDS u/s 194C(2)

Mere hiring of vehicle without any risk associated with the carriage of goods does not amount to carrying out any…

8 years ago
  • Income Tax

AO cannot sit in the chair of the businessman and direct him to do business in a particular fashion

ITAT Visakhapatnam in a recent judgment has ruled that Assessing Officer cannot sit in the chair of the businessman and direct…

8 years ago
  • Income Tax

When bye-laws was amended, society was entitled to registration u/s 12AA from the date of establishment

In a recent judgment, ITAT Chennai has held that when the amendment was made in the . of the society it…

8 years ago
  • Income Tax

House rent addition on notional basis u/s 23 for unrealised rent upheld when property was not vacant

In a recent judgment Chennai ITAT has upheld the addition made for notional house rent under the provisions of section…

8 years ago
  • Income Tax

Cancellation of Charitable Trust Registration u/s 12AA for Bogus Donation Entries without evidence

Cancellation registration u/s 12AA of a charitable trust based on oral statement related to bogus donation entries without any evidence…

8 years ago
  • Income Tax

Step-wise Procedures and Guide for e-filing of Form 15G 15H by Deductors

Step-wise Procedures and Guide for e-filing of Form 15G 15H  Step-wise Procedures and Guide for e-filing of Form 15G 15H…

8 years ago
  • Income Tax

Deduction claimed for a pay/wage revision is an ascertained liability not contingent

The deduction claimed for a  pay/wage revision is an ascertained liability and cannot be termed as contingent because the wage and…

8 years ago
  • Income Tax

Reassessment proceedings cannot be resorted to only to examine the facts of a case

Reassessment proceedings cannot be resorted to only to examine the facts of a case, no matter how desirable that be unless…

8 years ago
  • Income Tax

Holding Period of capital assets for conversion of bond, debentures etc. into shares of company-Rule 8AA

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No. 18/2016 New Delhi, the…

8 years ago
  • Income Tax

Revenue Audit Objections-Remedial Action and Appeal -CBDT Circular

Revenue Audit Objections-Remedial Action and Appeal Circular No.  8/2016 F.No.246/95/2013-A&PAC-IGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct…

8 years ago