Category: Income Tax
Non furnishing information on apprehension of political misuse. ITAT upheld penalty u/s 272A(1)(c) for non compliance to summons 131(1A) which assessee claimed as purely witch-hunting ABCAUS Case Law Citation: ABCAUS 2503 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: Jamnadas Madhavji & Co. vs. J.B. …
No change of opinion when there was no earlier scrutiny assessment, therefore, the reopening of assessment was not bad in law-High Court ABCAUS Case Law Citation: ABCAUS 2502 (2018) 09 HC Important Case Laws Cited/relied upon by the parties: GKN Driveshafts India Ltd., vs. ITO, 203-259-ITR-19 The present …
Special audit 142(2A) period is excluded from limitation period in terms of clause (iv) to Explanation 1 of section 153(1). High Court Reverses ITAT Order ABCAUS Case Law Citation: ABCAUS 2501 (2018) 09 HC Important Case Laws Cited/relied upon by the parties: Commissioner of Income Tax vs. Ulike …
22 Transfers postings (Local Change) in the grade of Pr. CCIT/Pr. DGIT/Chief Commissioners of Income-tax/Director Generals of Income-tax F.No. A-32011/1/2018-Ad -VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 31.08.2018 Office Order No. 146 of …
Additional Charges in the grade of CCIT, Chennai, Madurai, Kolkata F.No. A-22011/2/2018-Ad.VI-(Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi The 31st August , 2018 OFFICE ORDER NO. 145 OF 2018 The following officers in the grade of …
Rule 11UAB-Determination of fair market value for inventory of immovable property, jewellery, paintings, sculptures, work of art, shares securities etc. Ministry of Finance (Department of Revenue) Central Board of Direct Taxes Notification No. 42/2018 New Delhi, the 30th August, 2018 S.O. 4213(E).—In exercise of the powers conferred by …
Amendments in PAN Rule 114 and new application Forms 49A and Form 49AA making PAN compulsory for transactions of Rs. 250000 or more, Option of single mother as parent-Draft Notification F.No. 370142/40/2016-TPL (Part-I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** …
Payment for delayed allotment of plot by Housing Board not interest liable to TDS u/s 194A. Expression ‘interest’ was used merely for quantification of the liability – High Court ABCAUS Case Law Citation: ABCAUS 2499 (2018) 08 HC Important Case Laws Cited/relied upon by the parties: Viswapriya Financial …
JDA taxation-no capital gain when possession not handed over to builder and only right to enter the property given to demolish and re-construction ABCAUS Case Law Citation: ABCAUS 2498 (2018) 08 ITAT The aforesaid appeal was filed by the assessee against impugned order passed by CIT (Appeals) in …
Concealment penalty for change in method of stock valuation deleted by ITAT. Lower of Cost or market price method was as per ICAI guidelines and was consistently followed thereafter ABCAUS Case Law Citation: ABCAUS 2497 (2018) 08 ITAT The aforesaid appeal was filed by the assessee against impugned …
