Category: Income Tax

Revenue Audit Objections-Remedial Action and Appeal -CBDT Circular

Revenue Audit Objections-Remedial Action and Appeal Circular No.  8/2016 F.No.246/95/2013-A&PAC-IGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes****** New Delhi, 11th March, 2016 Subject:- Modification of Instruction 9/2006 – reg. Instruction 9 of 2006 lays down the guidelines and procedure for attending to Revenue Audit …

Additions made for non furnishing name address details of raddi-wallas for purchases made deleted

Additions made for non furnishing name address details of raddi-wallas for purchases made deleted In case of purchases made from small raddi-walas/kabadi-walas  it is not practically possible to have them supported by bills. It is equally not possible to furnish details of such small raddi-walas/kabadi-walas. Case Details: INCOME TAX APPELLATE TRIBUNAL …