Category: Income Tax
CBDT notifies tolerance range for wholesale trading and other cases for transfer pricing for variation between arm’s length price u/s 92C Tolerance range for transfer pricing MINISTRY OF FINANCE(Department of Revenue)New Delhi Notification No. 64/2019- Income Tax Dated: 13th September, 2019 S.O. 3272(E).—In exercise of the powers conferred by …
Addition u/s 68 upheld as cash was deposited in bank by the loan creditor immediately before transfer and was poor being not an income tax assessee ABCAUS Case Law Citation:ABCAUS 3148 (2019) (09) HC Important case law relied upon by the parties:Commissioner of Income Tax versus Deen Dayal …
Law as on 1st day of assessment year not applicable to financial year in respect of amendments coming into force after first day of April of financial year. ABCAUS Case Law Citation:ABCAUS 3147 (2019) (09) HC Important case law relied upon by the parties:Badri Prasad & ors. vs. …
CBDT designates ACIT (e-Verification) having headquarter at Delhi, to act as prescribed Income-tax Authority u/s 143(2) of Income Tax Act read with Rule 12E MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 65/2019 New Delhi, the 13th September, 2019 (INCOME-TAX) S.O. 3279(E).—In pursuance of the …
Instructions for Processing of time barred returns with refund claims. Detailed scheme of validation and process for ITRs from AY 2006-07 to 2017-18 ITBA-Processing Instruction No 9 DIRECTORATE OF INCOME TAX (SYSTEMS)ARA Center, Ground Floor, E-2, Jaandewalan ExtensionNew Delhi-110055 F. No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated : 12.09.2019 To,All Principal Chief …
A company cannot have any personal expenditure. ITAT deleted ad hoc disallowance on vehicle running and maintenance expenditure ABCAUS Case Law Citation:ABCAUS 3146 (2019) (09) ITAT In the instant case, one of the issue was related to ad-hoc disallowance being 10% of the vehicle repairs and maintenance expenditure. …
Cost Inflation Index Chart for FY 2019-20 notified by CBDT. Read Up to date table of CII from FY 2001-02 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3266(E).—In exercise of the powers conferred by clause (v) of …
Income Tax E-assessment Scheme 2019 notified by CBDT from 12.09.2019. Read Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 61/2019- Income Tax New Delhi, the 12th September, 2019 S.O. 3264(E).-In exercise of the powers conferred by sub-section (3A) of section 143 of the Income-tax …
CBDT issues Guidelines for identification & processing of cases for prosecution under Income Tax Act. Constitution of Collegium of 2 CCIT/DGIT rank officers. CBDT Guidelines for prosecution of cases Circular No. 24 /2019 F.No.285/08/2014-IT(Inv. V)/349Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)******* Room No. 515, …
CBDT gives one time Relaxation of time limit of 12 months for filing compounding of offences application under Income Tax Act Circular No. 25/2019 F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*** Room No. 515, 5th Floor, C-Block,Dr. Shyama Prasad Mukherjee Civic Centre,Minto Road, …
