Category: Income Tax
CBDT has appointed 149 Assistant Commissioner of Income Tax (ACIT) to officiate as Deputy Commissioner of Income Tax (DCIT) 149 Assistant Commissioners of Income Tax (Junior Scale) have been appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in Level 11 in the pay matrix …
CBDT has appointed 150 IRS officers to the grade of Assistant Commissioner of Income Tax (ACIT) The appointment has been made in the Junior scale in the Level 10 in the pay matrix Rs. 56100-177500 in a substantive capacity with effect from different date(s).
Public consultation on new Income Tax Rule 29BA and Form 15E to give effect to amendment in section 195 F. No. 370142/24/2019-TPLGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes Date: December 31st 2019147B-II, North Block, Delhi Office Memorandum Subject: Public consultation on the …
Partners remuneration / interest on capital allowable from estimated profit. ITAT allows deductions following decision of Jurisdictional High Court ABCAUS Case Law Citation:ABCAUS 3212 (2019) (12) ITAT Important case law relied upon by the parties:Vijay Constructions 213 CTR 105M/s B. Durga Reddy & Co.M/s. K. Venkata Raju, Rajahmundry …
No merit in holding that estimated addition has to be made on account of fall in gross profit rate. ITAT deleted addition ABCAUS Case Law Citation:ABCAUS 3211 (2019) (12) ITAT In the instant case, appeal was filed by assessee against the order of CIT(A) on the issue of …
DG Anti-Corruption Bureau, Jaipur notified as authority for disclosure of information of assessee u/s 138 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No.106/2019 New Delhi, the 30th December, 2019 S.O. 4709(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section …
Extension of due date for linking of PAN with Aadhaar from 31st December, 2019 to 31st March, 2020. The CBDT in exercise of the powers conferred under sub section 2 of section 139AA of the Income tax Act, 1961 has issued the following notification further extending the due …
New Rule 119AA – CBDT prescribes modes of electronic payment for the purpose of section 269SU Finance Act No. 23 of 2019 inserted a new section namely 269SU , w.e.f. 1-11-2019 which provided for acceptance of payment through prescribed electronic modes. As per the said section, every person, …
When cash deposit was fully explained no peak credit addition was required as directed by ITAT while remitting the matter back to Assessing Officer ABCAUS Case Law Citation:ABCAUS 3210 (2019) (12) ITAT The single issue involved in the instant case was confirmation by the CIT(A)of the addition made …
Income Tax appeals pending with CIT(A) for more than 5 years to be disposed off by 31.03.2020 – CBDT In a communication addressed to all Pr. CCITs, CBDT has expressed serious concern over non-disposal of appeals pending for more than 3 years and 5 years with CIT(A). The …
