Category: Income Tax
Law as on 1st day of assessment year not applicable to financial year in respect of amendments coming into force after first day of April of financial year. ABCAUS Case Law Citation:ABCAUS 3147 (2019) (09) HC Important case law relied upon by the parties:Badri Prasad & ors. vs. …
CBDT designates ACIT (e-Verification) having headquarter at Delhi, to act as prescribed Income-tax Authority u/s 143(2) of Income Tax Act read with Rule 12E MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 65/2019 New Delhi, the 13th September, 2019 (INCOME-TAX) S.O. 3279(E).—In pursuance of the …
Instructions for Processing of time barred returns with refund claims. Detailed scheme of validation and process for ITRs from AY 2006-07 to 2017-18 ITBA-Processing Instruction No 9 DIRECTORATE OF INCOME TAX (SYSTEMS)ARA Center, Ground Floor, E-2, Jaandewalan ExtensionNew Delhi-110055 F. No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated : 12.09.2019 To,All Principal Chief …
A company cannot have any personal expenditure. ITAT deleted ad hoc disallowance on vehicle running and maintenance expenditure ABCAUS Case Law Citation:ABCAUS 3146 (2019) (09) ITAT In the instant case, one of the issue was related to ad-hoc disallowance being 10% of the vehicle repairs and maintenance expenditure. …
Cost Inflation Index Chart for FY 2019-20 notified by CBDT. Read Up to date table of CII from FY 2001-02 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3266(E).—In exercise of the powers conferred by clause (v) of …
Income Tax E-assessment Scheme 2019 notified by CBDT from 12.09.2019. Read Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 61/2019- Income Tax New Delhi, the 12th September, 2019 S.O. 3264(E).-In exercise of the powers conferred by sub-section (3A) of section 143 of the Income-tax …
CBDT issues Guidelines for identification & processing of cases for prosecution under Income Tax Act. Constitution of Collegium of 2 CCIT/DGIT rank officers. CBDT Guidelines for prosecution of cases Circular No. 24 /2019 F.No.285/08/2014-IT(Inv. V)/349Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)******* Room No. 515, …
CBDT gives one time Relaxation of time limit of 12 months for filing compounding of offences application under Income Tax Act Circular No. 25/2019 F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*** Room No. 515, 5th Floor, C-Block,Dr. Shyama Prasad Mukherjee Civic Centre,Minto Road, …
Evidentiary value of a statement made on oath by the assessee to the income tax authority in survey proceedings u/s 133A of the Income Tax Act-High Court explains ABCAUS Case Law Citation:ABCAUS 3144 (2019) (09) HC Important case law relied upon by the parties:Paul Mathews and Sons v. …
Prosecution u/s 276B set aside as intention of company was to deposit TDS, but due to bad financial condition the same was not deposited in time but later on ABCAUS Case Law Citation:ABCAUS 3143 (2019) (09) AC In the instant case, a criminal appeal had been filed by …