Category: Income Tax
Penalty us 271(1)(c) invoking discretionary jurisdiction us 40A(2)(b) invalid. Income assessed on the basis of deeming provisions would not amount to non-disclosure-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1287 (2017) (07) HC The Issue: The only point of the litigation was regarding the levy of penalty under Section …
Deduction claim against LIC Incentive admissible up to 30 percent. From 01.04.1989 Development Officers entitled for reimbursement to the extent of 30% of the incentive bonus-ITAT ABCAUS Case Law Citation: ABCAUS 1286 (2017) (07) ITAT The Grievance: The present appeal by the assessee was directed against the order …
Income tax scrutiny guidelines FY 2017-18. CBDT Instruction for selection of cases for scrutiny during financial-year 2017-2018 Instruction No . 5/2017 Government of IndiaMinistry of Finance Department of Revenue (CBDT) North-Block, New Delhi th e 7th of July, 2017 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax All …
Amendment to tax Audit report Form-3CD incorporating more details of loan/deposits/advances u/s 269SS, 269T effective from 19th July, 2017 Corrigendum: CBDT has issued a corrigendum for error in the notification. Click Here >> Amendments in Form 3CD from 19-07-2017. Text of the Notification after the Corrigendum MINISTRY OF FINANCE …
Award Schemes of Income Tax Department on Income Tax Day Celebration 24th July. Finance Ministers Award for employees for inovation and special efforts GOVERNMENT OF INDIA DIRECTORATE OF INCOME TAX HUMAN RESOURCE DEVELOPMENT CENTRAL BOARD OF DIRECT TAXES ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, …
Tracking Workflow Status in Income Tax Business Application-ITBA to monitor the exact status and details of any proceeding of any subordinate officer Tracking Workflow Status in Income Tax Business Application-ITBA Income Tax Department has launched Status Monitor for Tracking Workflow Status in Income Tax Business Application which can be used …
Transfers-Postings list in the grade of CIT. CBDT has issued a list of 245 transfers/postings in the garde of Commissioners of Income Tax (CIT) CBDT has issued a list of 245 transfers/postings in the garde of Commissioners of Income Tax (CIT). The present place of those transferred are …
Exemption from the provision of section 269ST prohibiting cash receipt of Rs. 2 lakhs or more MINISTRY OF FINANCE (Department of Revenue) Notification No. 57 /2017 New Delhi, the 3rd July, 2017 S.O. 2065(E).—In exercise of the powers conferred by clause (iii) of the proviso to section 269ST …
NPA interest write off-Income Tax Act to override NHB Act. Deduction for past due interest to be based on 6 months u/s 43D read with Rule 6EB-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1284 (2017) (07) HC The Grievance: The Petitioner company had filed the present petition …
CIT erred in rejecting revision application u/s 264 on the ground of maintainability. CIT ought to have entertained the revision petition on merits- Delhi High Court ABCAUS Case Law Citation: ABCAUS 1283 (2017) (07) HC The Grievance: The Petitioner company had filed the present petition under Article 226 …
