Category: Income Tax
CBDT order for 338 transfers/postings in the grade of Addl. CIT and JCIT CBDT vide order 119/2020 has made 388 transfers/postings in the grade of Additional Commissioner of Income Tax (Addl. CIT) and Joint Commissioner of Income Tax (JCIT). 173 transfer/postings have been made in promotion cases, …
CBDT Guidelines for exercising power of intrusive or coercive action for recovery of tax demand by Assessing Officers or Tax Recovery Officers CBDT Guidelines for exercising power of intrusive or coercive action for recovery of tax demand F. No. 275/29/2020 -IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board …
CBDT order for transfers/postings in the grade of Addl. CIT and JCIT in Investigation Wing /Central Charges CBDT has made 111 transfers/postings in the grade of Additional Commissioner of Income Tax (Addl. CIT) and Joint Commissioner of Income Tax (JCIT) in the Investigation Wing /Central Charges. Download CBDT …
Rent of shops let out in shopping Mall if business income or income from house property – SC dismissed Revenue’s SLP ABCAUS Case Law CitationABCAUS 3407 (2020) (10) SC Important case law relied upon by the parties:Raj Dadarkar & Associates v. Assistant Commissioner of Income-taxPrincipal Commissioner of Income …
Inadequate enquiry or insufficient material on record cannot be a ground to invoke powers under Section 263 of the Act ABCAUS Case Law CitationABCAUS 3406 (2020) (10) HC Important case law relied upon by the parties:Malabar Industrial Company vs. CIT 243 ITR 833CIT vs. Max India Ltd. 295 …
Transfers/Postings of ITO in UP (East) Region by Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow Recently the Office of the Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow has made transfers / given additional charge in the grade of Income Tax Officers (ITOs) …
Transfers/Postings of DCIT/ACIT in UP (East) Region by Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow Recently the Office of the Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow has made transfers / given additional charge in the grade of DCIT/ACIT in UP (East) …
Addition for alleged cash payment based on file/data retrieved from hard disk found during search of third party quashed in absence of corroborative evidence ABCAUS Case Law CitationABCAUS 3404 (2020) (10) ITAT Important case law relied upon by the parties:Subhash KhattarArvind Nath Seth & Sons HUFCIT vs. Alpha …
Income Tax searches/raids in Bihar & UP of person in business of mining and hotel industry & one chairman of a large cooperative bank. 07 OCT 2020 3:45PM Income Tax raids in Bihar & UP The Income Tax Department, on the basis of actionable intelligence received, conducted search …
Period of limitation against rectification order can not be counted from the date of assessment order ABCAUS Case Law CitationABCAUS 3403 (2020) (10) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in dismissing the appeal of the assessee merely on the …
