Category: Income Tax
CIT-A not to reject new claims made first time on the ground that it was not raised before AO. Litigants can also forget vital issues while filing appeal – ITAT ABCAUS Case Law Citation: ABCAUS 1179 (2017) (03) ITAT Assessment Year : 2009-10 Date/Month of Pronouncement: March, 2017 …
Mistake in Tax audit report-taxes can not be collected without authority of law. It is bounden duty of authorities to consider submission on merits – ITAT ABCAUS Case Law Citation: ABCAUS 1178 (2017) (03) ITAT The Grievance: The appellant assessee was aggrieved by the order of the …
Income Tax Department has published list of 29 tax defaulters in leading newspapers Income Tax Department has published a list of 29 tax defaulters in leading newspapers with advice to pay the tax and arrears immediately. However it is to be noted that in all the 29 cases …
Affidavit statement has to be taken as correct unless controverted by material filed by other party to counter the statement made therein – ITAT ABCAUS Case Law Citation: ABCAUS 1177 (2017) (03) ITAT The Grievance: This assessee was aggrieved by the order passed by the CIT(A) upholding the …
CBDT Chairman expresses dissatisfaction over recovery of demand and arrears CBDT Chairman Shri Sushil Chandra in his latest department letter (DO) to all Principal Chief Commissioner of Income Tax has expressed dissatisfaction over unsatisfactory performance in the area of recovery from arrear and current demand- vis-a-vis Action Plan …
False return filed by loan consultant send to handwriting expert for verification of the signature of the assessee found on ITR-V acknowledgement as submitted to CPC Bangalore ABCAUS Case Law Citation: ABCAUS 1176 (2017) (03) ITAT Assessment Year : 2010-11 Date/Month of Pronouncement: March, 2017 Brief Facts of …
Guidelines for condonation of delay in appeal filing by Supreme Court and Calcutta High Court. In a recent judgment ITAT Kolkata has condoned delay of 471 days following following these guidelines. ABCAUS Case Law Citation: ABCAUS 1175 (2017) (03) ITAT Assessment Year : 2010-11 Date/Month of Pronouncement: March, …
Rollback provision in revised India-Korea DTAA-CBDT Clarification. Applications for bilateral APA for international transactions with Associated Enterprises Clarification by Central Board of Direct Taxes on rollback provision in the revised India-Korea Double Taxation Avoidance Agreement The Central Board of Direct Taxes (CBDT) has clarified that under the revised …
PMGKDS 2016 Form V reference number to be quoted on while uploading the same renamed as Deposit Reference Number- RBI Clarification RBI/2016-17/251 IDMD.CDD.No. 2347/14.04.051/2016-17 March 16, 2017 The Chairman/CEO/ Managing Director, All Authorised Banks, (All Banks to which Banking Regulation Act, 1949 applies) Dear Sir/Madam, Pradhan Mantri Garib …
Original Assessment order merged with CIT order passed u/s 264. AO could not have rectified its original order passed u/s 147 – ITAT ABCAUS Case Law Citation: ABCAUS 1174 (2017) (03) ITAT Assessment Year : 1999-2000 Date/Month of Pronouncement: March, 2017 Important Case Laws Cited/relied upon: ITO Vs. …
