Category: Income Tax
Direct Tax Vivad se Vishwas Rules 2020 and Various Forms notified MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No. 21/2020 New Delhi, the 20th March, 2020 S.O. 1195(E).—In the notification of the Government of India, Ministry of Finance (Department of …
The Direct Tax Vivad se Vishwas Act 2020 gets notified. Download Copy The Direct Tax Vivad se Vishwas Act 2020 has received the assent of the President on the 17th March, 2020. The Act provides for resolution of disputed tax and for matters connected therewith or incidental …
ITAT functioning from 17.3.2020 to 27.3.2020 restricted due to corona virus to urgent matters only. Read order of ITAT President F.No.233-Ad(AT)/2019-20INCOME TAX APPELLATE TRIBUNALPrathishtha Bhavan, 3rd &4th Floor,101 Maharshi Karve Marg, Mumbai – 400 020 OFFICE ORDER Date : 16th March, 2020 In my advisory dated 13.3.2020, addressed …
Foreign Investor operating in accordance with SEBI guidelines given status of deemed FII u/s 115AD for transactions in securities in recognised stock exchange MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 17/2020 New Delhi, the 13thMarch, 2020 S.O.1057(E).—In exercise of the powers conferred by clause …
Tax paid in foreign country not eligible for benefit u/s 91 is expenditure eligible for deduction under section 37(1) of the Act – ITAT ABCAUS Case Law CitationABCAUS 3289 (2020) (03) ITAT Important case law relied upon by the parties:Reliance Infrastructure Ltd versus CIT 390 ITR 271Hindustan Construction …
Prosecution 276C – denial of exemption from personal appearance and issuance of NBW was Interlocutory order not amenable to revision ABCAUS Case Law Citation:ABCAUS 3288 (2020) (03) AC Important case law relied upon by the parties:K. K. Patel vs State of Gujarat, (2000) 6SCC 195Neelam Mahajan vs The …
Expression “any previous year” in Section 68 refers to previous year relevant to the Assessment Year in question – High Court ABCAUS Case Law Citation:ABCAUS 3287 (2020) (03) HC Important case law relied upon by the parties:Commissioner of Income-Tax, Poona Vs. Bhaichand H. Gandhi, 141 ITR 67Commissioner of …
Sale of Mutual fund exempted from capital gain tax. CBDT notifies more transactions not regarded transfer u/s 2(47) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 16/2020 New Delhi, the 5th March, 2020 INCOME-TAX S.O. 986(E).—In exercise of the powers conferred by sub-clause (d) of …
Deduction 80IA allowed on conversion of partnership firm into company under Part IX of Companies Act 1956. Supreme Court upheld HC Order ABCAUS Case Law Citation:ABCAUS 3286 (2020) (03) SC Important case law relied upon by the parties:Giridhar G. Yadalam vs. Commissioner of Wealth Tax & Anr (2015) …
Where AO of searched person and other person same, there can be one satisfaction note prepared by the Assessing Officer (AO) – Supreme Court ABCAUS Case Law Citation:ABCAUS 3285 (2020) (03) SC Important case law relied upon by the parties:Commissioner of Income Tax v. Calcutta Knitwears (2014) 6 …
