Category: Income Tax
Challenge to reopening u/s 147-Only reasons recorded relevant which the Court has to examine and not reasons or explanations given by the AO at a later stage – High Court ABCAUS Case Law Citation: ABCAUS 2066 (2017) (09) HC The Grievance: The assessee by the instant writ …
Religious and charitable society/trust can not be denied exemption u/s 11 if not exclusively meant for one particular religious community- High Court ABCAUS Case Law Citation: ABCAUS 2065 (2017) (09) HC The Substantial Question of Law urged/framed for determination: The Revenue urged the following question: Whether it …
Assessment framed in the name of company dissolved by amalgamation not a procedural defect but void. Provisions of section 292B not applicable-High court ABCAUS Case Law Citation: ABCAUS 2064 (2017) (09) HC The Grievance: The Revenue was aggrieved by the order of the ITAT holding that assessment …
CBDT to get 1 percent incentive of additional revenue generated during fiscal year 2006-07 and subsequent years to augment infrastructure in Income Tax Department GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (INFRASTRUCTURE) Room No. 204, 2nd Floor, …
Agreement for the supply of equipments-No TDS deductible u/s 194C of Income Tax Act as per provisions of law, case laws, circulations & clarifications-ITAT ABCAUS Case Law Citation: ABCAUS 2063 (2017) (09) ITAT The Grievance: The Revenue had filed this Appeal against the order passed by the …
On making valid declaration under Direct Tax Resolution Scheme 2016, appeal in respect of the disputed income pending before CIT(A) shall be deemed to have been withdrawn. ABCAUS Case Law Citation: ABCAUS 2061 (2017) (09) ITAT The Issue: The issue raised was against the dismissal of the …
CBDT signs 4 more APAs during August 2017 making total number of APAs to 175 Press Information Bureau Government of India Press Release Ministry of Finance 04-September, 2017 18:07 IST Indian Advance Pricing Agreement regime moves forward with signing of four Advance Pricing Agreements (APAs) The Central Board …
Deduction u/s 80IC denied for delay in filing return allowed by High Court. CBDT Order u/s 119(2)(b) denying to condone the delay of 46 days set aside. ABCAUS Case Law Citation: ABCAUS 2059 (2017) (09) HC The Grievance: The Petitioner firm had filed the instant petition under …
Local puja and festival committees donations allowed as business expenditure as those contributions were paid to avoid confrontation and to smooth running of the business. ABCAUS Case Law Citation: ABCAUS 2057 (2017) (09) ITAT Assessment Year : 2011-12 Brief Facts of the Case: The assessee had claimed …
Registration 12AA cannot be denied on the ground of dissolution clause not providing transfer of income and assets to another similar institution registered u/s 12AA ABCAUS Case Law Citation: ABCAUS 2056 (2017) (08) ITAT Brief Facts of the Case: The Assessee was an university which had come into …
