Category: Income Tax
CBDT Chairman Message on 158th Income Tax Day-Transparency and accountability are the cornerstones of a truly modern and responsive tax administration SUSHIL CHANDRA Chairman, CBDT & Special Secretary to the Government of India GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, …
CBDT amends Form 3CD Tax Audit Report for reports for AY 2018-19 issued on or after 20th August 2018. Read Revision made to Tax Audit Report Format Please note that CBDT vide circular no. 6/2018 has deferred clause related to GAAR & GST compliance in Revised Form 3CD deferred …
Material obtained during assessment cannot be made basis for additions without confronting the same to the assessee. ITAT remand the case back to AO ABCAUS Case Law Citation: ABCAUS 2431 (2018) 07 ITAT The Appellant assessee had filed the present appeal against the order passed by CIT(A) inter …
Water logged land comprised within backwaters held agricultural land. The land was a kayal land and sold along with adjacent agricultural land-High Court ABCAUS Case Law Citation: ABCAUS 2430 (2018) 07 HC The assessee had sold two land, lying contiguously out of which the one was in backwaters …
Applicability of Benami Property Act to Cash seized-High Court declines to interfere with show cause notice as source and nature were in the “special knowledge” of the possessor ABCAUS Case Law Citation: ABCAUS 2429 (2018) 07 HC The petitioner was found in possession of money, the source of which …
High Court refuses to quash prosecution u/s 276CC for not filing return of income. Whether the failure was wilful or not to be considered by the trial court ABCAUS Case Law Citation: ABCAUS 2428 (2018) 07 HC The instant Petition was filed by the assessee against the prosecution …
ITAT’s jurisdiction is not to rewrite the AO’s order and improve upon it. High Court uphelds Revision order passed u/s 263 for lack of enquiry ABCAUS Case Law Citation: ABCAUS 2427 (2018) 07 HC The instant appeal had been filed by the Revenue against the order of the …
Section 50C not applicable to sale of property through Power of Attorney. Provisions at best could be invoked only in the hands of the original owner-ITAT ABCAUS Case Law Citation: ABCAUS 2426 (2018) 07 ITAT The instant appeal had been filed by the assessee against the order of …
Denial of Section 54F exemption for quoting wrong section without examining merits of deduction claimed-ITAT remands the case to Assessing Officer ABCAUS Case Law Citation: ABCAUS 2425 (2018) 07 ITAT The instant appeal had been filed by the assessee against the order of the CIT(A) upholding the …
Non-mentioning the precise section for making addition for bogus purchase made the impugned addition bad in law – ITAT deletes the addition ABCAUS Case Law Citation: ABCAUS 2424 (2018) 07 ITAT The instant appeal was filed by the assessee against the order of CIT(A) in confirming the action …
