Category: Income Tax
CBT Approved Proposal to Recommend Amendment in EPS 1995 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All Pending appeal to be withdrawn after increase in Monetary Limits-CBDT Clarification. All pending SLPs/ appeals/ cross objections/references to be withdrawn till 31.10.2019 F. No. 279/Mis/M-93/ 2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxs******* Room No. 12, 5th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. 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 …
Verification Cash deposits during demonetisation period to undergo sharp scanner during scrutiny assessment. CBDT issues detailed instructions/checklist for help of AOs. The demonetisation period falls in the FY 2016-17 (i.e. AY 2017-18) and the deadline for completion of the scrutiny assessment of the same is 31st December, 2019. …
Revision u/s 263 merely on ground of non-discussion / non-mentioning of reply to queries in assessment proceeding/order is invalid ABCAUS Case Law Citation:ABCAUS 3123 (2019) (08) HC Important case law relied upon by the parties:Malabar Industrial Company vs. CIT (2000) 109 taxman 66 (SC)CIT vs. Krishan Capbox Ltd. …
Incriminating documents belonging to or containing information pertaining to assessee. The High Court explains the amendment made in section 153C ABCAUS Case Law Citation:ABCAUS 3122 (2019) (08) HC Important case law relied upon by the parties: Pepsi Foods Pvt. Ltd. v. Assistant Commissioner of Income Tax (2014) 367 …
Checklist for submitting ITR7 for AY 2019-20 to avoid common mistakes in return preparation which may impact uploading of the ITR or processing of the ITR later Income Tax Department has come up with a checklist for assisting tax payers in preparation and filing of ITR-7 Income Tax …
Proceedings initiated u/s 148 instead of section 153C quashed. ITAT explains the difference between jurisdiction under both sections ABCAUS Case Law Citation:ABCAUS 3121 (2019) (08) ITAT Important case law relied upon by the parties:National Thermal Power Co. Ltd., Vs. CIT (SC).Smt.Archana Pandey Vs. ITO (2013) F G. Koteshwara …
No Income tax communications to be issued without a computer-generated Document Identification Number (DIN) on or after 15.10.2019 Circular No. 19/2019 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, dated the 14th August, 2019 Subject: Generation/Allotment/Quoting of Document Identification Number in …
