Category: Income Tax
SOP for dealing with ITR Processing or Assessment in suspected Fraud PAN / TAN cases involving refund / TDS fraud or claiming false deduction/exemption – CBDT Instruction SOP for dealing with ITR Processing or Assessment in suspected refund / TDS fraud Directorate of Income Tax (System) in a …
Prosecution u/s 276CC for not filing return-Sentence set aside and Trial Court directed to pass fresh judgment after consideration of additional evidences u/s 391 of CrPC. ABCAUS Case Law Citation: ABCAUS 2661 (2018) (12) AC Important Case Laws Cited/relied upon: Sudevanand Vs State through CBI (2012) 3 SCC 387 Govind Chauhan Vs Sriram Sonboir 2014 CriLJ2411 Globe Trotters International Vs Joseph Fernandes MANU/MH/2111/2010 Rambhau and another v. …
Deduction u/s 54F denied for non deposit in capital gains accounts scheme allowed as investment in flat purchase was made before due date u/s 139(4) ABCAUS Case Law Citation: ABCAUS 2660 (2018) (12) ITAT Important Case Laws Cited/relied upon: Xavier J Pulickal vs. DCIT 379 ITR 534 Sunayana …
High Court explains mandate of “reasons to suspect” and “reasons to believe” in income tax search, quashed warrants of authorization for search and seizure of lockers ABCAUS Case Law Citation: ABCAUS 2659 (2018) (12) HC Important Case Laws Cited/relied upon: Pooran Mal Vs. the Director of Inspection (Investigation), …
Re-assessment of Sonia/Rahul Gandhi in connection with Young Indian share allotment to be completed within limitation period but order not to be given effect till next hearing – Supreme Court. The Division Bench has adjourned the hearing to 08.01.2019 as the as the Bench was not sitting in the …
Appeal filed without paying tax due on returned income is only defective not void. On payment of taxes even after disposal, the appeal revives – ITAT ABCAUS Case Law Citation: ABCAUS 2658 (2018) (11) ITAT Important Case Laws Cited/relied upon: Bhumiraj Constructions Vs. ACIT M.L. Srinivasa Setty & …
Assumed Service of notice when it not received back not accepted by ITAT as proof of service on the assessee. Order of CIT(A) remanded holding that assessee was prevented by reasonable and sufficient cause for not appearing ABCAUS Case Law Citation: ABCAUS 2657 (2018) (12) ITAT The appeal …
Capital gain addition u/s 50C for unauthenticated cuttings in sale deed for amount of sale consideration remanded back for obtaining copy from the Registering authority ABCAUS Case Law Citation: ABCAUS 2655 (2018) (11) ITAT The instant appeal was filed by the assessee against the order of the Commissioner …
Complete time barring scrutiny assessments by 25th of December 2018 – CBDT direction to AOs over pendency of large number of cases CBDT in its latest DO addressed to all Principal Chief Commissioners of Income Tax ( PrCCIT ) has expressed concern over pendency of large number of …
Thalassemia and Sickle Cell Society approved u/s 35 of the Income-tax Act, 1961 in the category of Scientific Research Association MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 84/2018 New Delhi, the 26th November, 2018 S.O. 5852(E).—It is hereby notified for general information that …
