Category: Income Tax
CBDT Chairmans Certificate of Appreciation on the occasion of Independence Day. Scheme of awards to be conferred upon the Officers and Staff of ITD CBDT Chairmans Certificate of Appreciation on the occasion of Independence Day Chairmans Certificate of Appreciation The CBDT hereby sanctions the following scheme of awards …
ITD celebrates 157th Income Tax Day on 24th July 2017. Income tax was first introduced on 24th July 1860 by the British. CBDT Chairman congratulates ITD Income Tax Day – 24th July 2017 SUSHIL CHANDRA Chairman,CBDT & Special Secretary to the Government of India Dated the 24th July …
Tribunal not competent to travel beyond the scope of appeal in making the addition It has to confined itself to questions arising or subject matter of appeal – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 2005 (2017) (07) HC The Substantial Question of Law framed for determination: Whether …
What was not income in earlier years can not be written off as debt. The failure of share broker to return the money was at the highest a business loss and nothing more – Delhi High Court ABCAUS Case Law Citation: ABCAUS 2004 (2017) (07) HC The Grievance: …
No illegality if notice us 226(3)(iii) to assessee not issued simultaneously or prior to notice issued to bank for attachment of account u/s 226(3)(i) for recovery of tax demand – Delhi High Court ABCAUS Case Law Citation: ABCAUS 2003 (2017) (07) HC The Question involved: An interesting question …
Duplication in alleged entries was a classic case of non-application of mind by AO as he persisted with his belief that such amount had escaped assessment – Delhi High Court ABCAUS Case Law Citation: ABCAUS 2002 (2017) (07) HC The Question of Law framed for determination: Did the …
Penalty for failure to deduct tax quashed as NOIDA is exempt from TDS. Assessee was under bonafide belief that tax was not liable to be deducted – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 2001 (2017) (07) HC The Question of Law for determination: Whether the tribunal …
Income Tax Internal Audit-Revised Instruction No. 06/2017. In the light of C&AG observations, CBDT has issued a revised and comprehensive instruction Income Tax Internal Audit-Revised Instruction No. 06/2017 In the light of C&AG observations, the working of the Internal Audit set up in the Income tax Department has …
Publication of names of tax defaulters in public domain. Notice must be given to assessee. CBDT seeks list of defaulters as per naming and shaming policy Notice for publication of name must be given to tax defaulter assessee In a recent letter written by CBDT to all the Income …
Assessment is concluded if notice u/s 143(2) not issued within stipulated time and in terms of CBDT circular no scrutiny can be started in such cases-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1299 (2017) (07) HC The Question framed for determination: “Did the Income Tax Appellate Tribunal …