Category: Income Tax
Penalty for failure to pay advance income tax by trust claiming exemption u/s 11 upheld when for last forty years, income was held to be taxable by ITAT- High Court ABCAUS Case Law Citation: ABCAUS 2017 (2017) (08) HC The Substantial Question of Law framed for determination: …
For registration u/s 12AA only objects and genuineness of activities are relevant considerations. Failure to prove genuineness of donation or loan can not lead to negative inference. High Court approves ITAT view ABCAUS Case Law Citation: ABCAUS 2016 (2017) (08) HC The Substantial Question of Law framed for …
Kerala High Court allows Petitioner manual ITR filing without Aadhaar-Enrolment ID The Hon’ble Kerala High Court has directed the Income Tax Officer to allow a petitioner to file IT returns through manual filing without insisting on Aadhaar number / Enrolment No., pending disposal of the writ petition. This …
Statements recorded u/s 132 (4) do not constitute incriminating material by themselves for the assumption of jurisdiction under Section 153A – Delhi High Court ABCAUS Case Law Citation: ABCAUS 2015 (2017) (08) HC The Substantial Question of Law framed for determination: Whether having regard to the materials seized …
LPG Bottling activity amounts to production under sections 80HH, 80-I and 80-IA-Supreme Court. The word production is wider than the word manufacture. ABCAUS Case Law Citation: ABCAUS 2014 (2017) (08) SC The Substantial Question of Law framed for determination: Whether bottling of LPG is an activity which amounts …
Govt notifies 121 countries-specified territories us 9A(3) for Eligible Investment Fund Management activity not to be regarded business connection in India Section 9 of the Income Tax Act, 1961 deals with the income which is deemed to accrue or arise in India for taxation purpose. As per sub …
Income Tax Offices to remain open till midnight on 5th August 2015 for receiving ITRs in view of the extended last date for filing ITR by certain categories 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 …
Reopening notice us 148 against amalgamated company was void ab initio as on that day the company was not in existence. Even if Department was not aware of that fact, will not make any difference to the legal position – High Court ABCAUS Case Law Citation: ABCAUS 2013 …
Increase in number of Income Tax payers after demonetisation Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:45 IST Increase in number of Income Tax payers after demonetisation The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 …
Section 68 not attracted to amount representing credit purchases. Findings of ITAT upheld by High Court ABCAUS Case Law Citation: ABCAUS 2012 (2017) (08) HC The respondent assessee was a Government Contractor in the business of road construction. His return of income was selected for scrutiny and …
