Category: Income Tax
Non furnishing reasons recorded-High court quashed reassessment order admitting writ as an exceptional case for invoking power under Article 226 ABCAUS Case Law Citation: ABCAUS 2923 (2019) (05) HC Important Case Laws Cited/relied upon by the parties Commissioner of Income-tax vs. Trend Electronics 61 taxman.com 308 (Bombay) …
Reassessment order passed without disposing objections bad in law. Dismissal of SLP by Supreme Court without assigning reasons not a declaration of law ABCAUS Case Law Citation: ABCAUS 2922 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties National Thermal Power Co., Ltd., Vs. CIT …
Additional Charge in the grade of CCIT – CBDT Order F.No. A-22011/4/2019-Ad-VI Government of India Ministry of Finance Department of Revenue(Central Board of Direct Taxes) Office Order No. 111 of 2019 North Block , New Delhi -110001Dated: 13.05.2019 The following officers are hereby ordered to hold the additional …
Transfer & Posting in the grade of Pr. Chief Commissioner of Income Tax including 14 promotions previously made and 6 fresh promotions-CBDT Order F.No. A-22011/4/2019-Ad- VI Government of India Ministry of Finance Department of Revenue(Central Board of Direct Taxes) North Block , New Delhi -110 001Dated: 13.05.2019 Office …
Income Tax Department to dedicate a fortnight for clearing pendency of Appeal Effect and Rectification and for redressing public grievance CBDT has decided to dedicate the second fortnight of May, 2019 i.e. 16th to 31st May, 2019 to expeditious disposal of appeal effect and rectification claims of the …
Capital Gain tax on distribution of assets on dissolution/reconstitution of partnership firm – ITAT explains the law on all possible scenarios ABCAUS Case Law Citation: ABCAUS 2921 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties ACIT Vs. Mohanbhai Pamabhai 165 ITR 166 CIT Vs. Dynamic …
No concealment Penalty if assessee’s explanation not found false, but not accepted on account of substantiation with solid evidences ABCAUS Case Law Citation: ABCAUS 2920 (2019) (05) ITAT The assessee was in appeal before the Tribunal against the order of the CIT(A) in confirming penalty imposed by the …
Dismissal of appeal in limine by CIT(A) for delay-ITAT followed as no ground was raised by assessee with regard to non condonation of delay ABCAUS Case Law Citation: ABCAUS 2919 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Ram Mohan Kabra (257 ITR 773) K. …
There is no deeming fiction u/s 28(va) to tax amount on receipt basis where sum accrued earlier following mercantile system of accounting ABCAUS Case Law Citation: ABCAUS 2918 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties The Morvi Industries Pvt. Ltd. v. CIT (82 ITR …
Exemption to Rolls Royce Defense Services, Inc. Income not be included in computing the total income of the said foreign company – CBDT Notification MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 39/2019 New Delhi, the 10th May, 2019 INCOME TAX S.O. 1721(E).—In …
