Category: Income Tax
Disallowance u/s 40(a)(ia) not affected even if payee considers the receipt as income and pays tax thereon – ITAT follows Kerala High Court ABCAUS Case Law Citation: ABCAUS 2437 (2018) 07 ITAT The appeal was filed by the assessee against the order of the Commissioner of Income Tax …
Aadhaar OTP for e-verification of income tax return has resumed Aadhaar OTP for e-verification of income tax return has resumed. It was temporarily unavailable previously Earlier, the Aadhaar based OPT EVC option had not been appearing in income tax e-filing website which baffled many. As per Income Tax …
Merely by admission of appeal against ITAT order, Revenue can not get over it. Supreme Court upholds High Court’s order and dismisses SLP of the Department ABCAUS Case Law Citation: ABCAUS 2436 (2018) 07 SC The assessee was a charitable trust registered u/s 12A of the Income Tax Act, 1961 (the Act). During the course of assessment …
CBDT directed to substitute software enabling opt out from mandatory PAN-Aadhaar Linkage for filing return filing till 31.03.2019 in line with CBDT Circular ABCAUS Case Law Citation: ABCAUS 2435 (2018) 07 HC The instant Petition was filed in the High Court praying for direction that they be allowed …
Section 40A(3) applicable only when payment of expenses is made in cash exceeding specified sum and not to the payment of advances-ITAT ABCAUS Case Law Citation: ABCAUS 2434 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter alia in …
CBDT has transferred 50 Additional/Joint Commissioners of Income Tax. The transfer/posting had been made locally with immediate effect. The City wise break up of the transfers is as under: Delhi 42 Mumbai 6 Karnataka & Goa 1 Tamil Nadu and Puducherry 1 Download CBDT Order Click Here >>
Cash payments for purchase of liquor to government authorized licencee covered by exception provided under Rule 6DD. ITAT deletes addition u/s 40A(3) ABCAUS Case Law Citation: ABCAUS 2432 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter alia in …
CBDT Chairman Message on 158th Income Tax Day-Transparency and accountability are the cornerstones of a truly modern and responsive tax administration SUSHIL CHANDRA Chairman, CBDT & Special Secretary to the Government of India GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, …
CBDT amends Form 3CD Tax Audit Report for reports for AY 2018-19 issued on or after 20th August 2018. Read Revision made to Tax Audit Report Format Please note that CBDT vide circular no. 6/2018 has deferred clause related to GAAR & GST compliance in Revised Form 3CD deferred …
Material obtained during assessment cannot be made basis for additions without confronting the same to the assessee. ITAT remand the case back to AO ABCAUS Case Law Citation: ABCAUS 2431 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter …