Category: Income Tax
CBDT forms committees on litigation management. Committees shall examine suggestions/issues on litigation management including International Good practices CBDT in order to minimise and effectively resolve tax litigation has formed two committees. The decision was taken in the discussion held during the judicial conference held on 01.01.2019 Suggestions and …
Recovery of Tax from Travel Khana not on account of angel tax-CBDT justifies action and clarifies that addition was made for unexplained cash credits Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 8th February, 2019 PRESS RELEASE Note on Recovery of Tax in the …
Jewellery Bills found during search-benefit of CBDT Instruction can not be denied if only bills are found and the jewellery is not available ABCAUS Case Law Citation: ABCAUS 2778 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT V Rtanlal Vyaparilal Jain 339 ITR 351 …
Interest free Advances by charitable society-ITAT rules out violation of provisions of Section 13(1)(c) and 13(1)(d) of the Income Tax Act, 1961 Act ABCAUS Case Law Citation: ABCAUS 2777 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties Tribunal in DCIT (Exemptions) v. Vels Institute of …
No disallowance u/s 43B when unpaid custom duty was included in the value of the closing stock – Supreme Court dismissed SLP of the Department ABCAUS Case Law Citation: ABCAUS 2776 (2019) (02) SC The Assessing Officer (AO) had made a disallowance u/s 43B of the Income Tax …
No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method when there is no change in method of valuation ABCAUS Case Law Citation: ABCAUS 2775 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties M/s Janta Construction Co. vs. …
Monetary limits for filing of income tax appeals as per CBDT Circular 3 of 2018 extended to Wealth tax matters F. No. 279/Misc/M-84/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial Section Circular No.5/2019 New Delhi, 5th February 2019 Subject:- Monetary limits for filing/withdrawal of Wealth Tax …
When details are maintained donations cannot be called anonymous u/s 115BBC merely for notices u/s 133(6) returned unserved ABCAUS Case Law Citation: ABCAUS 2772 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties DIT (Exemptions) vs. Keshav Social & Charitable Trust M/s. Vaishnavi Educational Society Versus …
Order giving effect to appellate order is also appealable u/s 246A of the Income Tax Act. If appeals allowed on the legal ground, additions on merits cannot be sustained ABCAUS Case Law Citation: ABCAUS 2771 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs. …
Condonation of delay u/s 119(2)(b) for mistake of chartered accountant allowed. limitation when lead to hardships, should be construed in a reasonable manner-High Court In a recent judgment, Delhi High Court has quashed order u/s 119(2)(b) denying condonation of delay in filing refund application observing that limitation when …
