Category: Income Tax
Revision us 263 on reasons unconnected with grounds of reopening which was for specific purpose. Calcutta High Court upholds revision by CIT ABCAUS Case Law Citation: ABCAUS 1194 (2017) (04) HC The Substantial Question of Law raised: One of the grounds raised was as under: Whether the Learned …
Interest rates reduction except Post Office Savings Account Schemes. Small savings schemes continue to be attractive compared to bank deposits The Union Government has announced revised rates of interest on Small Savings Schemes for the First Quarter of 2017-18 to bring them somewhat closer to market rates …
CBDT APA Program crosses 150 Milestone. Total number of Advance Pricing Agreements (APAs) entered into by the CBDT has reached 152. Ministry of Finance Central Board of Direct Taxes (CBDT’s) APA Program crosses the 150 Milestone The Central Board of Direct Taxes (CBDT) has entered into 9 Advance …
CBDT notifies new Income Tax Return Forms for AY 2017-18 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st March, 2017. PRESS RELEASE CBDT notifies new Income Tax Return Forms for AY 2017-18 The Central Board of Direct Taxes has …
Last date for filing PMGKY-2016 declaration extended to 10-04-2017 if tax, surcharge, penalty, deposit made by the closing hours of 31st March, 2017 Circular No. 12 of 2017 F.No.370142/33/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated: 31st …
Cash book not found at search produced later was eye wash. Allahabad High Court rejects contention that it was with accountant as generally users take only data ABCAUS Case Law Citation: ABCAUS 1192 (2017) (03) HC The Substantial Question of Law raised: The appeal was admitted inter alia …
ITBA Functionality for processing Paper ITRs for AY 2016-17 available from 03.04.2017 Launch of IT Business Application -ITR Processing Module Phase 1 ITBA-ITR Processing Instruction No.1 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension New Delhi – 110055 F.No. System/ITBA/Instruction/ITR/112/2016-17 …
PMGKY 2016-Income Tax Offices open till midnight 31-03-2017 for filing declarations under PMGKY Scheme as per CBDT direction F.No.225/233/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 30th of March, 2017 To All Principal Chief Commissioners …
Scholarship payment is charitable expenditure when candidate was selected by a process selecting most deserving one which was not related to members of the Society – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1192 (2017) (03) HC The Substantial Question of Law raised: Whether on the facts …
Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse comments – ITAT ABCAUS Case Law Citation: ABCAUS 1191 (2017) (03) ITAT The Grievance: The appellant assessee company was aggrieved by the order passed by the CIT(A) inter …
