Category: Income Tax
CBDT promotes 70 officers in the grade of Assistant Commissioner of Income Tax on ad-hoc basis for the vacancy year 2018 for a period of one year F.No. A-32013/5/2018- Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** Office Order No. …
Income tax law on substantial question of law – Supreme Court explains options available before the High Court when no question of law is urged or framed ABCAUS Case Law Citation:ABCAUS 2803 (2019) (02) SC Important Case Laws Cited/relied upon by the parties State of Maharashtra vs. Vithal Rao Pritirao Chawan, (1981) 4 SCC 129, Jawahar Lal Singh vs. Naresh Singh & Ors., (1987) 2 SCC 222, State of U.P. …
CBDT raises Corporation Tax collection target for FY 2018-19 by Rs. 50000 crores from total Rs.6,21,000 Crore to Rs. 6,71,000 Crore F. No. 38012/2018-IT (Budget)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 27th February, 2019 To, All the Principal Chief Commissioners of Income-tax Madam …
Extension of ITR and Tax Audit reports for of taxpayers of Kerala which are filed till 28.02.19 for AY 2018-19. Relaxation from interest u/s 234A. CBDT Order u/s 119 F.No. 225/15/2019/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North-Block, New Delhi, dated the 27th of February, 2019 Order …
Maximizing Revenue collection without harassment is immediate priority – CBDT Chairman New appointed CBDT Chairman Shri P. C. Mody in his maiden message as chairman, CBDT has marked the maximizing Revenue collection as immediate priority. For accelerating the Revenue he has stressed on the need to widen and …
CBDT authorises PrCCIT to give additional charge of vacant post of CIT-Appeals CBDT, in order to ensure speedy disposal of pending cases has authorised the Principal Chief Commissioners of Income Tax (CCA) to assign additional charge of the vacant post of CIT(Appeal) under its jurisdiction. The PrCCIT can …
Allowability u/s 37(1) of fine /penalty for redemption of goods ordered to be confiscated for breach of import conditions – High Court explains the Law ABCAUS Case Law Citation:ABCAUS 2801 (2019) (02) HC Important Case Laws Cited/relied upon by the parties CIT V/s. Ahmedabad Cotton Mfg. Co Ltd. …
CBDT busts bogus donation racket u/s 35(1)(ii) by Rural Development Society, Hyderabad by issuing forged certificates of more than Rs. 40 crores F. No. 225/26/2019-ITA (II) Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** Room No. 245A, North BlockNew Delhi, the 25th February, …
Depreciation on Car registered in the name of Director- Supreme Court dismisses SLP of the Revenue against dismissal of the question of law ABCAUS Case Law Citation: ABCAUS 2800 (2019) (02) SC The Hon’ble Supreme Court has dismissed the SLP of the Revenue against inter alia the issue …
Pre-dating demand notice even before the assessment order was passed showed the assessee was denied any opportunity of hearing in violation of natural justice – ITAT ABCAUS Case Law Citation: ABCAUS 2799 (2019) (02) ITAT In the instant case, the assessee had filed the appeal against the order …
