Category: Income Tax
Difference in Tribunal and non jurisdictional High Court amounts to two opposite views despite that decision of High Court rendered after ITAT ABCAUS Case Law Citation: ABCAUS 2884 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Gouli Mahadevappa vs. ITO 356 ITR 90 (Karn) Prakash …
Addition made by AO in limited scrutiny by extending scope deleted as AO did not take due permission to convert it into full scrutiny. ABCAUS Case Law Citation:ABCAUS 2883 (2019) (04) ITAT Important Case Laws Cited/relied upon by the partiesCIT Vs. Mekala Balreddy The appeal in the instant …
CBDT invites comments on report on Profit Attribution to PE in India. The Committee had examined the existing scheme under Article 7 of DTAAs, and recommended changes in Rule 10 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 18th April, 2019 PRESS RELEASE …
Income Tax Act does not invite any pre-deposit for stay of demand. 20 per cent amount prescribed by CBDT Instruction can be reduced at the discretion of AO-High Court ABCAUS Case Law Citation: ABCAUS 2882 (2019) (04) HC Important Case Laws Cited/relied upon by the parties The …
Revisional order u/s 263 quashed following rule of consistency, Revenue argued that the principle of res judicata has no application in tax law ABCAUS Case Law Citation: ABCAUS 2881 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Income Tax Officer v. DG Housing Projects Limited …
There is distinction between questions of law proposed by appellant for admission of appeal and questions framed by Court – Supreme Court ABCAUS Case Law Citation:ABCAUS 2880 (2019) (04) SC In the instant case, the appeal was filed against the judgment passed by the High Court dismissing the appeal of the Income Tax Department. The …
CBDT amends Form-16 Part-B format of Salary Certificate to be issued by employer. Revised format is applicable from 12.05.2019 – Read Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 36/2019 New Delhi, the 12th April, 2019 G.S.R. 304(E).—In exercise of powers conferred by sections …
Without stating whether notices were served on assessee, CIT(A) was not justified in dismissing the appeal of the assessee for non-appearance – ITAT ABCAUS Case Law Citation: ABCAUS 2879 (2019) (04) ITAT In the instant case, the CIT(A) had dismissed the appeal of the assessee on the ground …
Revision of settlement application u/s 245C(1) offering another higher amount not allowed as assessee has to make full and true disclosure ABCAUS Case Law Citation: ABCAUS 2878 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Ajmera Housing Corporation and another v Commissioner of Income Tax …
No disallowance for interest paid on capital work in progress u/s 36(1)(iii) where sufficient interest-free funds available, presumption is that investments were out of such funds ABCAUS Case Law Citation: ABCAUS 2877 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Hero Cycles Pvt. Ltd. Vs. …