Category: Income Tax
Extension of ITR and Tax Audit reports for of taxpayers of Kerala which are filed till 28.02.19 for AY 2018-19. Relaxation from interest u/s 234A. CBDT Order u/s 119 F.No. 225/15/2019/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North-Block, New Delhi, dated the 27th of February, 2019 Order …
Maximizing Revenue collection without harassment is immediate priority – CBDT Chairman New appointed CBDT Chairman Shri P. C. Mody in his maiden message as chairman, CBDT has marked the maximizing Revenue collection as immediate priority. For accelerating the Revenue he has stressed on the need to widen and …
CBDT authorises PrCCIT to give additional charge of vacant post of CIT-Appeals CBDT, in order to ensure speedy disposal of pending cases has authorised the Principal Chief Commissioners of Income Tax (CCA) to assign additional charge of the vacant post of CIT(Appeal) under its jurisdiction. The PrCCIT can …
Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions – High Court explains the Law ABCAUS Case Law Citation:ABCAUS 2801 (2019) (02) HC Important Case Laws Cited/relied upon by the parties CIT V/s. Ahmedabad Cotton Mfg. Co Ltd. …
CBDT busts bogus donation racket u/s 35(1)(ii) by Rural Development Society, Hyderabad by issuing forged certificates of more than Rs. 40 crores F. No. 225/26/2019-ITA (II) Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** Room No. 245A, North BlockNew Delhi, the 25th February, …
Depreciation on Car registered in the name of Director- Supreme Court dismisses SLP of the Revenue against dismissal of the question of law ABCAUS Case Law Citation: ABCAUS 2800 (2019) (02) SC The Hon’ble Supreme Court has dismissed the SLP of the Revenue against inter alia the issue …
Pre-dating demand notice even before the assessment order was passed showed the assessee was denied any opportunity of hearing in violation of natural justice – ITAT ABCAUS Case Law Citation: ABCAUS 2799 (2019) (02) ITAT In the instant case, the assessee had filed the appeal against the order …
Addition for unexplained cash credit u/s 68 deleted when assessee’s accountant wrongly passed such entries in the books of accounts ABCAUS Case Law Citation: ABCAUS 2798 (2019) (02) ITAT In the instant case, the assessee had filed the appeal against the order passed by the Commissioner of Income …
Penalty u/s 271(1)(c) deleted for claiming depreciation on assets for which invoices were raised by the vendor in the name of the other firm – ITAT ABCAUS Case Law Citation: ABCAUS 2796 (2019) (02) ITAT The appeal in the instant case was filed by assessee against the appellate …
Vacancy allowance u/s 23(1)(c) allowable for property not let out due to reasonable cause or despite effort. Municipal rate substituted for comparable market rent ABCAUS Case Law Citation: ABCAUS 2795 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT vs. Tip Top Typography 368 ITR …