Category: Income Tax
JDA taxation-no capital gain when possession not handed over to builder and only right to enter the property given to demolish and re-construction ABCAUS Case Law Citation: ABCAUS 2498 (2018) 08 ITAT The aforesaid appeal was filed by the assessee against impugned order passed by CIT (Appeals) in …
Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was as per ICAI guidelines and was consistently followed thereafter ABCAUS Case Law Citation: ABCAUS 2497 (2018) 08 ITAT The aforesaid appeal was filed by the assessee against impugned …
Further Extension of due date of 31.08.2018 for income tax return filing for more flood affected States is surely in the anvil but for the announcement. Recently the CBDT extended due date for filing of Income Tax Returns for taxpayers in Kerala till 15th September, 2018. Earlier, it had earlier …
CBDT promotes 16 Officers to the grade of Principal Chief Commissioner of Income Tax CBDT has promoted 16 Officers to the grade of Principal Chief Commissioner of Income Tax (level 17 in the pay matrix Rs.2,25,000) w.e.f. the date of assumption of charge of the post or until …
CBDT transfers 10 Chief Commissioners of Income Tax. Order No. 143 of 2018, Transfer and posting in the grade of CCIT Central Board of Direct Taxes has transferred the Chief Commissioners of Income Tax (CCITs) with immediate effect. The list of the CCITs transferred is as under: Name Current …
Shocked Supreme Court fines Commissioner Income Tax with fine of Rs 10 lakhs for misleading statement about pendency of a civil appeal ABCAUS Case Law Citation: ABCAUS 2495 (2018) 08 SC The instant Special Leave Petition (SLP) was filed by the Commissioner of Income Tax, Ghaziabad after a …
Grossing up for TDS was applicable on payment to foreign University for technical services as DTAA did not define the term gross amount-High Court ABCAUS Case Law Citation: ABCAUS 2494 (2018) 08 HC The instant appeal was filed by the appellant assessee against the order of the Income …
Extension of due date for filing Income-tax return by assessees in Kerala from 31st August, 2018 to 15th September, 2018. CBDT Order u/s 119 F.No. 225/242/2018/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA.II Division) North-Block, New Delhi, the 2. f …
Addition made for low house hold withdrawals from capital upheld by ITAT rejecting the explanation of of joint family living and expenses ABCAUS Case Law Citation: ABCAUS 2492 (2018) 08 ITAT The instant appeal was filed by the appellant assessee against the order of the CIT(A) in inter …
High Court refuse to entertain writ against reopening notice u/s 148 as benefit of concluded finding of facts was not available because petitioner had directly approached the Court. ABCAUS Case Law Citation: ABCAUS 2491 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Income-Tax v. Agarwalla …
