Category: Income Tax
Inter-changeability of PAN with Aadhaar number-CBDT amends Returns and Reports Formats MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 95/2019 New Delhi, the 6th November, 2019 G.S.R .825(E).— In exercise of the powers conferred by section 139A, read with section 295 of the Income-tax Act, …
CBDT revised Audit User Manual 2019. Norms for Selection and Audit Potential Index API, Settlement of Internal Audit Objections, Check Sheet CBDT revised Audit User Manual 2019 CBDT has issued a revised Audit User Manual 2019. The audit manual outlines the principles, policies, methodologies and modalities of audits …
Special Court notified u/s 280A for trial of offences under Income-tax Act 1961 under Chapter XXII Special Court for trial of offences under Income-tax Act MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V) Notification No. 87/2019 New Delhi, the 5th November, 2019 S.O. 3986(E).—In exercise of …
Revision u/s 263 for non initiation of penalty proceedings. It is not open to CIT to exercise revisional powers to create a non existent proceedings ABCAUS Case Law Citation:ABCAUS 3187 (2019) (11) ITAT Important case law relied upon by the parties:Easy Transcription & Software Pvt.Ltd. vs. CIT Revision …
Additional Evidence admitted due to non-seriousness of Authorised Representative and for non service of notices ABCAUS Case Law Citation:ABCAUS 3186 (2019) (11) ITAT In the instant case, the appeal by the assessee was directed against order passed by the Commissioner of Income-tax (Appeals) in not permitting the assessee …
Extension of due date for filing of Income-tax Returns/Tax Audit Reports for Union Territory of Jammu Kashmir and Ladakh to 30th November, 2019 F.No. 225/306/2019-ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, ITA-II DivisionNew Delhi Dated: 31st October, 2019 Order under Section 119 …
Revisionary order u/s 263 passed in the name of dead person quashed. CIT was not justified in setting aside the assessment ignoring the fact that assessee had already expired ABCAUS Case Law Citation:ABCAUS 3185 (2019) (10) ITAT Important case law relied upon by the parties:CIT Vs. M. Hemanathan, …
Addition for creditors balance difference in fish trading business. 100% accounts reconciliation impossible considering perishable nature of business ABCAUS Case Law Citation:ABCAUS 3183 (2019) (10) ITAT Additions for creditors balance difference in fish trading business The appellant assessee was an individual and was trading in fish. The case …
Addition made for excess agriculture productivity of fruits quashed. No disallowance can be made merely on basis of report of Agriculture Officer ABCAUS Case Law Citation:ABCAUS 3182 (2019) (10) ITAT Addition made for excess agriculture productivity In the instant case, appeal was filed by the assessee against …
Prosecution 276C for wilful attempt to evade tax stayed during pendency of appeal as its outcome would have bearing on the prosecution against the petitioners. ABCAUS Case Law Citation:ABCAUS 3181 (2019) (10) HC Important case law relied upon by the parties:K.C.Builders v. Assistant Commissioner of Income Tax : …
