Category: Income Tax
Exemption to Telangana State Electricity Regulatory Commission u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 34/2019 New Delhi, the 9th April, 2019 S.O. 1538(E).—In exercise of the powers conferred by clause (46) of section 10 of …
Exemption to Mysore Palace Board, Karnataka u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 33 /2019 New Delhi, the 9th April, 2019 S.O. 1537(E).—In exercise of the powers conferred by clause (46) of section 10 of …
Exemption to Kerala Headload Workers Welfare Board u/s 10(46) of the Income Tax Act, 1961 for five AY beginning 2020-2021 CBDT Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 35 /2019 New Delhi, the 9th April, 2019 S.O. 1539(E).—In exercise of the powers conferred …
Extension of period for furnishing report u/s 286(4) by constituent entities referred in sub section (a)/(aa) whose parent entities resident in USA Circular No. 7/2019 F No 370142/17/2018 -TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes****** Order under section 119 of the Income-tax Act, 1961 …
Brief highlights of the recent income tax raids in NCR, Bhopal, Indore and Goa As reported by media, yesterday, the Income Tax Department had conducted raids at the Indore home of Praveen Kakkad, an officer on special duty to Madhya Pradesh Chief Minister Kamal Nathand at other locations …
CBDT has made thirteen transfer posting in the grade of Pr. CCIT on mutual basis as under: S. No. Name of the Officers (S/Shri) From To 1. Geeta S. Nair Pr.CCIT, Bihar & Jharkhand Pr. CCIT, Chennai Jibachh Kumar Yadav Pr.CCIT , Chennai Pr.CCIT, Bihar & Jharkhand 2. …
Validity of notice u/s 148 where assessment was made u/s 143(1)- Supreme Court quashed High Court order that no substantial question of law arises ABCAUS Case Law Citation: ABCAUS 2868 (2019) (04) SC The respondent Assessee had filed its return of income for the AY in question declaring the taxable income …
Sale of client relationship and goodwill by CA firm was of capital asset u/s 2(14) chargeable to tax under the head capital gain and deduction u/s 54EC was allowable – ITAT ABCAUS Case Law Citation: ABCAUS 2867 (2019) (04) ITAT The appellant assessee was a partnership firm carrying …
Capital introduced by partner can not be taxed in firms hand as undisclosed income. It could be added in the hands of partners only – ITAT ABCAUS Case Law Citation: ABCAUS 2866 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties India Rice Mills vs. CIT …
DVO reference u/s 55A invalid where value was more than FMV as on April 1, 1981 as per approved valuer’s report submitted by assessee ABCAUS Case Law Citation:ABCAUS 2865 (2019) (04) ITAT Important Case Laws Cited/relied upon by the parties Commissioner of Income Tax (Appeals) vs Hotel Joshi …
