Category: Income Tax
Indian Advance Pricing Agreement regime moves forward with signing of 18 APAs in March 2019 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 3rd April, 2019 PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with signing of 18 APAs by CBDT in …
Sale of land made by partnership firm can not be added in partner’s hand. Assessment has to be done in the right hands ABCAUS Case Law Citation: ABCAUS 2861 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties ITO Vs. Ch. Atchaiah reported at 218 ITR …
AO had inherent powers u/s 142(2C) to suo moto extend time for submission of special audit report directed u/s 142(2A), without an application by assessee – SC ABCAUS Case Law Citation: ABCAUS 2860 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Sahara India v Commissioner …
Loss by shop burglary arisen during the course of business allowed u/s 37(1) even when Insurance company assessed loss at lower amount – ITAT ABCAUS Case Law Citation: ABCAUS 2859 (2019) (04) ITAT This appeal was filed by the assessee against the order of Commissioner of Income Tax …
Supreme Court dismisses SLP of Income Tax Department against Radhika Roy, wife of NDTV founder Prannoy Roy ABCAUS Case Law Citation:ABCAUS 2855 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Olympia Paper & Stationery Stores vs. Assistant Commissioner of Income Tax, 63 ITD 148 Lately, …
Deduction u/s 80IB allowed when assessee was not owner of the land and undertook housing project at their own risk and cost- Supreme Court dismisses SLP of Department ABCAUS Case Law Citation: ABCAUS 2854 (2019) (04) SC Important Case Laws Cited/relied upon by the parties Commissioner of Income …
Interest cost for the period for which capital asset was held by the assessee prior to sale not deductible u/s 48 in computing capital gain u/s 45 ABCAUS Case Law Citation: ABCAUS 2852 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Habib Hussein v. CIT …
ITRs filed prior to 01.04.2019 as per decisions of various High Courts valid. Aadhaar-PAN linking mandatory from 01.04.2019 as per SC judgement – CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North Block, New Delhi, the 31st of March, 2019 …
Make My Trip was not liable to deduct TDS on gateway charges payments to Banks – High Court upheld ITAT action in deleting addition u/s 40(a)(ia) ABCAUS Case Law Citation: ABCAUS 2850 (2019) (03) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax v …
Income Tax Offices throughout India (including the ASK Centres) shall remain open on 30th and 31st March, 2019 during normal office hours F. No. 225/86/2019-ITA-11 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North Block, New Delhi, the 29th March, 2019 …