Category: Income Tax
Mere not recording of transactions not make them undisclosed if entries are otherwise verifiable from other primary books. High Court upheld ITAT judgment ABCAUS Case Law Citation: ABCAUS 2142 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against the …
Jewellery held belonging to 3 wives though purchase bills found in search were in assessee’s name. HC uphelds deletion of undisclosed income u/s 158B(b) ABCAUS Case Law Citation: ABCAUS 2141 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against …
Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court upheld deletion of additions made u/s 68 ABCAUS Case Law Citation: ABCAUS 2140 (2017) (12) HC The Challenge/Grievance: This instant appeal was filed by the Revenue under Section …
Reopening materials include subsequent years assessments scrutiny during the course of whose proceedings AO has occasion to see if the same, or same pattern of returns or claims were made. ABCAUS Case Law Citation: ABCAUS 2139 (2017) (12) HC The Challenge/Grievance: The Petitioner assessee by way of two …
Income Tax Officer suspended for demanding bribe through taxpayer’s chartered accountant which was substantiated by audio recordings and case records Press Information Bureau Government of India Ministry of Finance 08-December-2017 12:43 IST Income Tax Department suspends an officer for harassing the taxpayer A complaint was received making serious …
CBDT extends time for linking Aadhaar with PAN till 31-03-2018. Earlier the time was allowed till 31.12.2017. CBDT order u/s 119 F.No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, dated the 8th of December, 2017 Order …
Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in SCN and order passed u/s 263 did not invalidate it. ABCAUS Case Law Citation: ABCAUS 2138 (2017) (12) HC The Challenge/Grievance: The assessee had challeneged the order of …
CBDT sets up Committee for review and updation of Investigation Manual F.No.414/125/2017-IT(Inv.I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated:27.11.2017 Room No. 269, North Block, New Delhi To, Chief Commissioner of Income tax (Central)-1,Mumbai Sub: Setting up of a Committee for …
CBDT sets up Committee for review and updation of Survey Manual last published in 2012. Committee to submit revised draft in 3 months F.No.414/125/2017-IT(Inv.I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated: 27.11.2017 Room No. 269, North Block, New Delhi To, …
CBDT sets up Committee for review & updation of Search and Seizure Manual published in 2007. Committee to submit revised draft in 3 months F.No.414/125/2017-IT(Inv.I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated: 27.11.2017 Room No. 269, North Block, New Delhi …
