Category: Income Tax
Wife share in house purchased from savings and stridhan accepted by deleting addition made u/s 69B as unexplained investment – ITAT ABCAUS Case Law Citation: ABCAUS 1240 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) in confirming the disallowance made …
Quoting Aadhaar Number for PAN Linking exemptions u/s 139AA. Provisions not to apply to super senior citizen and other specified categories MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 37/2017 New Delhi, the 11th May, 2017 S.O. 1513 (E).—In exercise of the powers conferred by sub-section (3) of …
Printing and distribution of text books is connected to education and not advancement of any other object of General Public Utility of the definition of the term charitable purpose u/s 2 (15) – Delhi High Court ABCAUS Case Law Citation: ABCAUS 1239 (2017) (05) HC The Grievance: The …
Draft ICDS on Real Estate Transactions-CBDT invites comments. Draft ICDS is based on the Guidance Note issued on Real Estate Transactions by ICAI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11th May, 2017. Request for stakeholders comments …
PAN linking with Aadhaar by taxpayers made easy by Income Tax Department. The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. It was reported that taxpayers were finding it difficult as their names did not match in both systems (Eg. Names …
AO power to extend time for submission of special audit report u/s 142(2A). Power of suo moto extension was inserted from 01-04-2008 only-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1237 (2017) (05) HC The Question framed for determination: Did the ITAT fell into error in holding that …
Trust is entitled to deduction u/s 54F by fiction of section 161. Deduction can not be denied on the ground that AOP is not a individual or HUF – ITAT ABCAUS Case Law Citation: ABCAUS 1236 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the …
Sushil Chandra CBDT Chairman re-appointed as Chairman CBDT for a period of one year F. No. A.12026/6/2017 -Ad.I Government of India Ministry of Finance Department of Revenue New Delhi, the 9th May 2017 Office Order No. 100/2017 The President of India is pleased to re-appoint Shri Sushil …
Section 14A applies to dividend income u/s 115-O on which tax is paid by the dividend paying company-Supreme Court explains ABCAUS Case Law Citation: ABCAUS 1235 (2017) (05) SC The issue: The issue in the present appeal was related to the admissibility or otherwise of deduction of expenditure …
Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are two different things and it is not sweet will of the assessee. ABCAUS Case Law Citation:ABCAUS 1233 (2017) (05) ITAT The Grievance:The appellant assessee was aggrieved by the …