Category: Income Tax
CBDT transferred 35 officers in the grade of Joint Commissioner /Additional Commissioner of Income Tax CBDT has made transfer/postings (Local changes) of 35 officers in the grade of Joint Commissioner /Additional Commissioner of Income Tax with immediate effect. Out of 35 transfers, 32 are from / to Delhi …
Synthesized text of India-Japan income tax treaty as affected by Convention to Implement Measures to Prevent to Prevent Base Erosion & Profit Shifting (MLI) Japan’s Ministry of Finance has released publication of Synthesized Text of Convention to Implement Measures to Prevent to Prevent Base Erosion and Profit Shifting …
Government withdraws enhanced surcharge on tax payable on transfer of certain assets Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 24th August, 2019 PRESS RELEASE Government withdraws enhanced surcharge on tax payable on transfer of certain assets In order to encourage investment in …
Reasons recorded must withstand test of judicial scrutiny at any stage. Other materials can not be used to test application of mind. ABCAUS Case Law Citation:ABCAUS 3126 (2019) (08) ITAT Important case law relied upon by the parties:GKN Driveshafts (India) Ltd. v. ITO (2002) 125 Taxman 963(S.C)M/s GinniFilaments …
IDS 2016 declaration can be declared void without show cause upon misrepresentation/suppression of facts. There is no provision to afford declarant a hearing prior to passing such order. ABCAUS Case Law Citation:ABCAUS 3125 (2019) (08) HC Important case law relied upon by the parties:Hemalatha Gargya v. Commissioner of …
Reopening done at the insistence of CIT held as change of opinion and was vitiated in law as it did not satisfy the legal requirement of Section 147 of the Act ABCAUS Case Law Citation:ABCAUS 3124 (2019) (08) HC Important case law relied upon by the parties:Larsen and …
CBT Approved Proposal to Recommend Amendment in EPS 1995Â in 225th meeting held on 21st august, 2019 at Hyderabad In a major decision, the Central Board of Trustees (CBT) EPF in a meeting held at Hyderabad on 21 August 2019, approved the proposal to recommend for amendment in …
Presumptive Tax u/s 44AE-Heavy Vehicle weight to be used, gross, laden or unladen. CBDT clarification for computing profits and gains of heavy goods vehicle F.No.225/233/2019/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 14th August,2019 ToThe Secretary GeneralAll India Motor Transport Congress New Delhi Sir, Subject: …
All Pending appeal to be withdrawn after increase in Monetary Limits-CBDT Clarification. All pending SLPs/ appeals/ cross objections/references to be withdrawn till 31.10.2019 F. No. 279/Mis/M-93/ 2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxs******* Room No. 12, 5th Floor, Jeevan Vihar Building,Parliament Street, New Delhi.Dated …
Treatment of Farm-in expenditure incurred by the Oil Exploration and Production (E&P) Companies-Clarification by CBDT Circular No. Â 20 /2019 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, dated 19th August, 2019 Subject: – Clarification regarding treatment of Farm-in expenditure incurred by …
