Category: Income Tax
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 …
Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961 ABCAUS Case Law Citation: ABCAUS 2137 (2017) (12) HC The Challenge/Grievance: The Petitioner company had filed a Criminal Revision petition u/s 397 of the Code of Criminal Procedure, …
CBDT signs first ever two Indian APAs with Netherlands in Nov-2017. The total number of APAs entered into by the CBDT has gone up to 186 Press Information Bureau Government of India Ministry of Finance 01-December-2017 11:53 IST Central Board of Direct Taxes (CBDT) signs two Indian Advance …
Unauthorized expansion of the scope of limited scrutiny-CBDT puts AOs violating its instructions under suspension and advises all to comply with instructions F.No. DGIT(Vig.)/HQ/Sl/2017-18 Government of India Ministry of finance Department of Revenue Central Board of Direct Taxes New Delhi-11 0001 Dated: 30th November, 2017 Subject: Unauthorized expansion of …
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court ABCAUS Case Law Citation: ABCAUS 2136 (2017) (11) HC The Revenue has filed two appeals assailing the judgment and order of the Tribunal whereby tribunal had dismissed …
It is for assessee to decide how to utilize loan in business, Court not to substitute its opinion over his view for the investment made-High Court ABCAUS Case Law Citation: ABCAUS 2135 (2017) (11) HC The Revenue had filed two appeals challenging the judgment and order of …
No addition for inflated statement of stock submitted to banker when no discrepancy was found in physical verification and books of account-High Court uphelds ITAT Decision ABCAUS Case Law Citation: ABCAUS 2134 (2017) (11) HC The appellant assessee was a sole proprietor involved in the business of …