Category: Income Tax
Alleged gift from foreign citizen on his death held colouring device as it was based upon undated nomination paper not supported with any evidence ABCAUS Case Law Citation: ABCAUS 2570 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: The Assessing Officer (AO) noticed that the …
Proportionate allocation of deemed dividend based on shareholding of borrowing company may arise if there are two or more common shareholders in lending and borrowing company ABCAUS Case Law Citation: ABCAUS 2568 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: ACIT Vs Bhaumik Colours Pvt. …
Processing of returns with refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons ITBA-Processing Instruction No 4 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated: 08.10.2018 …
Sawai Man Singh was not holder of an impartible estate, He was absolute Ruler till merger and thereafter his status was of a HUF ABCAUS Case Law Citation: ABCAUS 2567 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: Shiba Prasad Singh vs. Rani Prayag Kumari …
No Late Fee 234E can be levied when challan cum statement Form 26QB filed within the due date as required u/s 200(3) rwr 31A(4A) – ITAT ABCAUS Case Law Citation: ABCAUS 2566 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Mahavir AGENCY vs. Income Tax OFFICER …
CBDT Transfers 69 officers in the grade of Commissioners of Income Tax with effect from 09.10.2018.
Expecting assessee to submit voluminous details at fag end in a short period of time when AO kept assessment proceedings dormant for one year was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2565 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Pr.CIT Vs. Ashokji …
Extension of due date for filing tax audit report / income tax return to 31.10.2018 by CBDT. Download Order u/s 119 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 8th October, 2018 PRESS RELEASE CBDT further extends date for filing …
TPO had no power to impose penalty u/s 271G before 01.10.2014. Law operating on the date on which the wrongful act is committed determines the penalty ABCAUS Case Law Citation: ABCAUS 2564 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: Brij Mohan vs. Commissioner of …
No question of change of opinion when subject matter income not shown in original return or was not the subject of earlier reopening. High Court upheld double reopening ABCAUS Case Law Citation: ABCAUS 2563 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: Commissioner of Income …
