Category: Income Tax
High Court refuses to quash prosecution proceedings u/s 276C, directs prayer for bail be considered and decided if applicant surrenders before Trial court ABCAUS Case Law Citation:ABCAUS 3170 (2019) (10) HC Important case law relied upon by the parties:Amrawati and another Vs. State of U.P. 2004 (57) ALR …
NRE Account interest exempt u/s 10(4)(ii) only if assessee is resident outside India for the concerned fiscal year under FEMA ABCAUS Case Law Citation:ABCAUS 3169 (2019) (10) ITAT Important case law relied upon by the parties:Rachhpal Singh vs ITO reported in 94 ITD 79 In the instant case, …
CBDT transfers 43 officers in the grade of ACIT/DCIT. Thirty Officers to be posted at non-sensitive and non-field post. Read CBDT Order and List. CBDT transfers 43 officers in the grade of ACIT / DCIT F.No. A-22013/112019-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board …
Prosecution filed without initiation of assessment proceedings upheld. Compounding or approaching Settlement Commission not a natural right – Sessions Court Faced with the presumption u/s 278E of Income Tax Act, it is for the accused to lead evidence before the Trial Court and to dispel the presumption by …
No tax audit in one proprietorship firm-ITAT deleted penalty u/s 271B as when no accounts was maintained, assessee was not be expected to get them audited. ABCAUS Case Law Citation:ABCAUS 3166 (2019) (10) ITAT Important case law relied upon by the parties:Shri Rajeshbhai Hirabhai Patel Vs. ITOShri Udayshankar …
Additional depreciation on revenue expenditure on installation of plant and machinery allowable. ITAT directs AO to delete the addition ABCAUS Case Law Citation:ABCAUS 3165 (2019) (10) ITAT Important case law relied upon by the parties:Trichy Distilleries & Chemicals Ltd. vs. CIT reported in (1999) 235 ITR 194 Additional …
Revenue Secretary inaugurates National e-Assessment Centre of IT Department Faceless e-Assessment for income tax payers launched New Initiative shall impart greater efficiency, transparency and accountability in the assessment process National e-Assessment Centre inaguration Revenue Secretary Shri Ajay Bhushan Pandey inaugurated National e-Assessment Scheme (NeAC) here today in the …
Revised jurisdiction of Deputy/Assistant Commissioner of Income Tax and Income Tax Officers in National Territory/Municipal Wards of Municipal Corporation of Delhi OFFICE OF THEJOINT COMMISSIONER OF INCOME TAX, RANGE-28ROOM NO. 1205, 12th FLOOR, E-2 BLOCK, PRATYAKSH KAR BRAWANDr. SHYAMA PRASAD MUKHERJEE CIVIC CENTRE, JAWAHARLAL NEHRU MARG, NEW DELHI-110002 …
Approval u/s 153D not empty formality and not valid in the eyes of law if granted without application of mind discernible from record ABCAUS Case Law Citation:ABCAUS 3164 (2019) (10) ITAT Important case law relied upon by the parties:Sahara India (firm) vs CIT (2008) 300 ITR 403; Space …
Transfer/posting in the grade of CCIT & PCIT to the Newly Created Regional e-Assessment Centre (ReACs) at various Station across India F. No. A-11011/2/2019-Ad.VIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes* * * * * North Block, New Delhi The 04th October, 2019 …
