Category: Income Tax
Waiver of loan not cessation of trading liability u/s 41(1). Provision of Section 28 (iv) do not apply to benefits received in cash-Supreme Court The instant appeal(s) were filed by the Income Tax Department (Revenue/appellant) against the judgment passed by the High Court whereby the Division Bench of …
CBDT transfers 178 Assistant/Deputy Commissioner of Income Tax. Download List CBDT has transferred 178 Assistant/Deputy Commissioner of Income Tax. The Transfer and Postings have been made in following three cases: (a) Manadatory Transfer Cases 3 (b) Review cases 47 (c) Other cases 128 The regions involved in the …
Income Tax Rule 11UAB-CBDT invites suggestions on draft notification related to manner of determination of FMV of inventory converted into capital asset. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 3rd May, 2018 PRESS RELEASE CBDT invites suggestions on draft …
Transfer and Posting of recently promoted 228 Assistant Commissioners of Income Tax CBDT has transferred 228 recently promoted Assistant Commissioners of Income Tax (ACsIT) to new postings. The said ACsITs were promoted on ad-hoc basis in November 2017 and February 2018 on the level 10. The transfer takes …
Compensation received by builder for default in agreement to sell land by seller held as capital receipt as the land ultimately to be used as stock-in-trade was immobile and sterilised-HC The instant appeal was filed by the Income Tax Department (Revenue) against the order of the ITAT in …
Material found in a Survey made simultaneously at a connected person can be used in Block Assessment of an assessee u/s 158BB read with Section 158 BH of the IT Act-Supreme Court The instant appeal was filed by the Income Tax Department (Revenue) against the judgment passed by …
Excel Auto Form 15G for AY 2018-19 with database as revised and simplified Form 15G is a declaration under sub section (1) and (1A) of section 197A of the Income Tax Act, 1961 which can be given by an individual or a person (other than company or firm) …
Download Excel Auto Income Tax Form 15H for Senior Citizens and 15G with Database for AY 2018-19 Revised as per Notification 76/2015 Form 15H is a declaration under sub section (1C) of section 197A of the Income Tax Act, 1961 which can be given by a senior citizen …
Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in Trading account and it was a balancing entry-ITAT The appellant assessee had filed the instant appeal against the order of the CIT(A) contending that the Authorities below erred …
Unrealised Interest on NPA Accounts not taxable notionally on accrual basis. AO has to follow the RBI Directions under section 45Q of RBI Act as held by Supreme Court The appellant Revenue had filed the instant appeal against the order of the Income Tax Appellate Tribunal (ITAT) in holding …