Category: Income Tax
Disallowance u/s 14A read with Rule 8D beyond scope of rectification u/s 154 as the issue relating to applicability of section 14A is debatable – ITAT ABCAUS Case Law Citation: ABCAUS 2055 (2017) (08) ITAT The Grievance: The appeal filed by the assessee was directed against the order …
Non-furnishing reasons for reopening vitiated the assessment proceedings in law. If assessee did not repeat request cannot mean that he waived its right to be provided the reasons – High Court ABCAUS Case Law Citation: ABCAUS 2054 (2017) (08) HC The Grievance: Six appeals had been filed …
Reopening approval by an officer superior to Joint Commissioner invalid. Approval by a superior officer do not satisfy the requirement of Section 151(2) of the Income Tax Act. ABCAUS Case Law Citation: ABCAUS 2053 (2017) (08) HC The Grievance: This present writ petition was filed under Articles …
TDS provisions not applicable on internet leaseline charges u/s 194-I 194C or 194J of Income Tax Act as assessee only availed internet connection and was not using any asset, plant or machinery which involved payment of rent. ABCAUS Case Law Citation: ABCAUS 2052 (2017) (08) ITAT Important …
TDS Provision not applicable where no claim of expenditure was made by the assessee and assessee suo motu made disallowance u/s 40(a)(ia) of the Income Tax Act ABCAUS Case Law Citation: ABCAUS 2051 (2017) (08) ITAT Assessment Year : 2008-09 and 2010-11 Brief Facts of the Case: …
Television news software produced was eligible for deduction 80HHE as customized electronic data which is transmitted from India to a place outside India. ABCAUS Case Law Citation: ABCAUS 2049 (2017) (08) HC The Grievance: The appellant Revenue was aggrieved by the order of the ITAT in allowing …
Profits from sale of investments by Insurance Company held exempt in view of CBDT Circular. The income so earned was taxable only from AY 2011-12 ABCAUS Case Law Citation: ABCAUS 2048 (2017) (08) HC The Substantial Question of Law framed for determination: There were three appeals, one …
Tax Audit and ITR filing due date extension AY 2017-18 to 7th November 2017. Click Here >> Earlier the date was extended to 31-10-2017. Deadline for filing return of income and all audit reports extended in view of GST Tax Audit and ITR filing due date extension AY …
Impact of Demonetisation on Black Money Widening of Tax Base and Direct Tax Collections. Govt. largely relying on income tax figures to justify demonetisation Press Information Bureau Government of India Ministry of Finance 31-August-2017 16:52 IST Impact of Demonetisation on Black Money, Widening of Tax Base and Direct …
CBDT extended deadline of PAN linking with Aadhaar to 31/12/2017 CBDT order u/s 119 extending deadline of PAN linking with Aadhaar to 31/12/2017 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 New Delhi dated the 31st of August,2017 Order under …
