Category: Income Tax
CBDT Chairman asks for timely redressal of public grievances. CBDT is one of 20 Govt. Departments receiving maximum no. of grievances on CPGRAMS GOVERNMENT OF INDIA Ministry of Finance/Department ot Revenue Central Board of Direct Taxes North Block, New Delhi- 110001 email: chairmancbdt@nic.in Tele :23092648 & Telefax :23092544 …
Annual General Transfer List in the grade of ACIT-DCIT of Income Tax. Request Cases number 215 Relaxation Cases number 55 Mandatory Transfer case number 3. F.No. A-22013/1/2017-Ad -VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block. New Delhi-110 001. Date: …
Lack of enquiry or inadequate enquiry. Revision u/s 263 quashed by ITAT applying the large number of judgments of High Court and Supreme Court. ABCAUS Case Law Citation:ABCAUS 1220 (2017) (04) ITAT The Grievance:The appellant assessee was aggrieved by the revisionary order passed by the Commissioner of Income …
Salary recovered for notice period not taxable salary us 16 as per agreement with the employers when actually assessee had received less salary – ITAT ABCAUS Case Law Citation: ABCAUS 1219 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of …
Removal of Cyprus from list of notified jurisdictional areas us 94A of the Income-tax Act retrospectively from 01.11.2013-Clarification Removal of Cyprus from list of notified jurisdictional areas F. No. 500/002/2015-FT&TR-III(1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Circular No. 15 …
Disallowance of interest for drawings out of cash credit account deleted as despite drawings closing balance of capital was more than opening balance ABCAUS Case Law Citation: ABCAUS 1217 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income Tax …
Do not visit CBDT Office for transfers and postings. Income Tax Officers have been advised to forward their request to Data Base Cell only CBDT in its recent office memorandum has impressed upon the Income Tax Officers not to visit CBDT office in connection with transfer and postings. …
Slump Sale of entire running business was LTCG us 48(2). Sale in one go with assets and liabilities cannot be considered as STCG for Taxation-Supreme Court ABCAUS Case Law Citation: ABCAUS 1216 (2017) (04) SC The Grievance: The appellant Commission of Income Tax (CIT) was aggrieved by the …
No concealment penalty on return revision made before issue of notice u/s 148 though after initiation of investigation in tax evasion petition filed against the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 1215 (2017) (04) ITAT The Grievance: The appellant assessee company was aggrieved by the order …
Concealment means positive act on part of the assessee and the onus to prove is on Revenue. Penalty can not be levied on estimate or guess work – ITAT ABCAUS Case Law Citation: ABCAUS 1214 (2017) (04) ITAT The Grievance: The appellant assessee company was aggrieved by the …
