Category: Income Tax
Transfer & Posting in the grade of Pr. Chief Commissioner of Income Tax including 14 promotions previously made and 6 fresh promotions-CBDT Order F.No. A-22011/4/2019-Ad- VI Government of India Ministry of Finance Department of Revenue(Central Board of Direct Taxes) North Block , New Delhi -110 001Dated: 13.05.2019 Office …
Income Tax Department to dedicate a fortnight for clearing pendency of Appeal Effect and Rectification and for redressing public grievance CBDT has decided to dedicate the second fortnight of May, 2019 i.e. 16th to 31st May, 2019 to expeditious disposal of appeal effect and rectification claims of the …
NSDL latest e-TDS TCS Return Preparation Utility (RPU) Version 2.7 effective from 12.05.2019 e-TDS/TCS File validation utility (FVU) versions 2.157 for FY 2007-08 to FY 2009-10 and 6.2 for FY 2010-11 onwards have also been released e-TDS/TCS Return Preparation Utility Ver. 2.7 for Regular & Correction quarterly e-TDS/TCS …
Capital Gain tax on distribution of assets on dissolution/reconstitution of partnership firm – ITAT explains the law on all possible scenarios ABCAUS Case Law Citation: ABCAUS 2921 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties ACIT Vs. Mohanbhai Pamabhai 165 ITR 166 CIT Vs. Dynamic …
No concealment Penalty if assessee’s explanation not found false, but not accepted on account of substantiation with solid evidences ABCAUS Case Law Citation: ABCAUS 2920 (2019) (05) ITAT The assessee was in appeal before the Tribunal against the order of the CIT(A) in confirming penalty imposed by the …
Dismissal of appeal in limine by CIT(A) for delay-ITAT followed as no ground was raised by assessee with regard to non condonation of delay ABCAUS Case Law Citation: ABCAUS 2919 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Ram Mohan Kabra (257 ITR 773) K. …
There is no deeming fiction u/s 28(va) to tax amount on receipt basis where sum accrued earlier following mercantile system of accounting ABCAUS Case Law Citation: ABCAUS 2918 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties The Morvi Industries Pvt. Ltd. v. CIT (82 ITR …
Exemption to Rolls Royce Defense Services, Inc. Income not be included in computing the total income of the said foreign company – CBDT Notification MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 39/2019 New Delhi, the 10th May, 2019 INCOME TAX S.O. 1721(E).—In …
Excel Income Tax Return Preparation utility for ITR 1, 2, 3 & ITR 4 for AY 2019-20 made available for e-Filing. ITR Description Excel Utility/ Version Release Date ITR-1 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs. 50 lakhs, having Income …
Payment of house rent to wife residing with assessee in the same house is a colourable devise to avoid legitimate payment of the taxes – ITAT ABCAUS Case Law Citation: ABCAUS 2917 (2019) (05) ITAT The assessee was an individual and deriving income from salary. He filed the …
