Category: Income Tax
Procedure for filing Statement of Foreign income and Foreign Tax Credit by resident assessee by online filing Form 67 DGIT(S)-ADG(S)-3/e-filing notification/form67/ /2017 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 9 New …
Income Tax to lodge tax arrear claims and implead as party before NCLTs in sick companies cases governed by Insolvency and Bankruptcy Code 2016 DIRECTORATE OF INCOME TAX (RECOVERY & TDS) 6TH FLOOR, MAYUR BHAWAN, CONNAUGHT CIRCUS, NEW DELHI-110001 TEL: 011-23411993, FAX: 011-23413218 ADDL DIRECTOR GENERAL, CBDT F. …
Distinction between setting aside of assessment and assessment order. When assessment on an issue set aside and remanded for decision afresh, time limit u/s 153(2A) applies-HC ABCAUS Case Law Citation: ABCAUS 2080 (2017) (09) HC The Challenge/Grievance: This Petitioner (Nokia India Pvt. Ltd) sought the quashing of …
Show cause notice u/s 263 at old address was not full opportunity afforded to the assessee to controvert the grounds of revision as mandated by the Supreme Court ABCAUS Case Law Citation: ABCAUS 2078 (2017) (09) HC The Substantial Question of Law framed/urged for determination: “(i) Did …
Rule 39A-Intimation of estimated income and advance tax payment as on 30th September to be furnished by the assessee in form 28AA – CBDT Draft Notification Presently there is no such mechanism whereby the assessee is suo moto required to intimate the payment of advance tax to the …
No Concealment penalty u/s 271(1)(c) for income surrendered during survey if income was disclosed in return which was filed within due date-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 2077 (2017) (09) HC The Substantial Question of Law framed/urged for determination: “(I) Whether the ITAT was justified …
Disproportionate increase in expenses in relation to turnover can not be reason in itself for making adhoc disallowance without cogent material – ITAT ABCAUS Case Law Citation: ABCAUS 2076 (2017) (09) ITAT Assessment Year : 2012-13 Brief Facts of the Case: The Petitioner assessee had claimed certain expenses. …
Income Tax Officer is bound to furnish reasons for re-opening u/s 147 which should already be on record, prior to issuance of notice u/s 148 of the Income Tax Act, 1961 – High Court ABCAUS Case Law Citation: ABCAUS 2075 (2017) (09) HC The Challenge/Grievance: The petitioner …
ITAT has no jurisdiction to direct registration of Trust u/s 12AA without there being satisfaction recorded by the Registering Authority as contemplated by the Income Tax Act – High Court ABCAUS Case Law Citation: ABCAUS 2074 (2017) (09) HC The Challenge/Grievance: The appeal was filed by the …
CBDT-SOP for implementation of Prohibition of Benami Property Transactions Act 1988 following setting up of dedicated Benami Prohibition Units (BPUs) CBDT-SOP for implementation of Prohibition of Benami Property Transactions Act 1988 CBDT (Investigation Division) has issued a Standard Operating Procedure (SOP) with regard to implementation of Prohibition of Benami Property …
