Category: Income Tax
The jurisdiction cannot be challenged after expiry of time limit prescribed u/s 124(3). The challenge to jurisdiction is different from challenge to transfer of jurisdiction – ITAT ABCAUS Case Law Citation: ABCAUS 2475 (2018) 08 ITAT The instant appeal was filed by the assessee against the order of …
AO was not justified in applying accounting method followed by a different assessee and rejecting Percentage of completion method consistently applied which had been accepted by Revenue in past- ITAT ABCAUS Case Law Citation: ABCAUS 2474 (2018) 08 ITAT Important Case Laws Cited/relied upon: Investment Ltd V/s CIT …
High court orders inquiry for manipulation of reasons to believe and role of the AO. Recommends strict disciplinary action for playing a subterfuge by back dating the records ABCAUS Case Law Citation: ABCAUS 2473 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Haryana Acrylic Manufacturing …
Issue of certificate u/s 197 for no-lower deduction and collection of tax electronically. Draft notification proposing amendment to Rules and rationalisation of Form 13 F.No.370142/10/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** New Delhi, dated the 17th August, …
Non deduction of TDS-Liability to pay interest even if deductee paid taxes. Under section 201(1A) liability of the deductor is absolute – ITAT ABCAUS Case Law Citation: ABCAUS 2472 (2018) 08 ITAT Important Case Laws Cited/referred: DIT vs. Jacabs Civil Incorporate In the instant appeal, the assessee had …
Clause related to GAAR & GST compliance in Revised Form 3CD deferred till 31.03.2019 – CBDT Circular Circular No. 6/2018 F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division **** New Delhi, Dated the 17th of August, 2018 Order …
ASK Centres not to accept belated paper ITRs prior to AY 2018-19 without verifying copy of relevant notice / order & applicability of Rule 12 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F. No. Sevottam/DIT(S)-2/2018-19/__________ Dated: 14.08.2018 To, The …
Provision for warranty allowable deduction if based on past events and reliable scientific estimate is made of future liability likely to be incurred ABCAUS Case Law Citation: ABCAUS 2471 (2018) 08 ITAT Important Case Laws Cited/relied upon by the parties: Rotork Controls India Pvt.Ltd In this appeal, the …
Income accumulation application allowed under rectification u/s 154 as assessment was not completed and there was only intimation u/s 143(1) ABCAUS Case Law Citation: ABCAUS 2470 (2018) 08 ITAT Important Case Laws Cited/relied upon by the parties: Bagalkot Town Development Authority v. CIT CIT Vs. Nagpur Hotel Owner’s …
Brought forward debit balance can not make assessment erroneous and prejudicial to the interest of the Revenue – ITAT quashes Revisionary Order ABCAUS Case Law Citation: ABCAUS 2469 (2018) 08 ITAT In this appeal, the assessee had challenged the correctness of the order of the Principal Commissioner of …
