Category: Income Tax
No loss damage to Nirav Modi Mehul Choksi case records-CBDT Clarification on fire at Income Tax Office, Mumbai News reports have been appearing in some sections of the media alleging that records & documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the …
Notice u/s 148 issued by ITO having jurisdiction over bank where assessee had account was held legal in view that there could be concurrent jurisdiction of two or more AOs over a particular assessee in terms of sub-section Section 120 (3) The instant Petition had been filed for …
CIT u/s 263 can not revise order passed by Commissioner Appeals to examine the same issue as assessment order made by Assessing Officer got merged with the order of the Appellate Commissioner. The instant appeals were filed by the Revenue challenging the orders passed by the Income Tax …
Income accumulated us 11(2) not deemed income when transferred from capital fund account to the income and expenditure account for utilisation within time allowed u/s 11(3)(c)-ITAT The instant appeal was preferred by the Revenue against the order passed by the Commissioner of Income Tax (Appeals) in deleting the …
Penalty u/s 271D when claim of cash imprest was sham and facile. The cash was itilised for making fixed deposits in the name of the assessee. High Court remanded case to ITAT The instant appeal was preferred by the Revenue against the order passed by the Income Tax …
Limitation for reassessment u/s 150(1) has to be counted on the date of assessment order passed by the AO assessing the income in the wrong hands – ITAT This appeal by the assessee was directed against the order of CIT (A) upholding the legality of the reassessment made …
CBDT asks setting up of High Court Cell at all locations where High Court Benches are functioning URGENT F. No. 272/ M-26/2015-(ITJ) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes Audit & Judicial Division New Delhi, 28th May, 2018 To All Principal Chief …
57 IRS Officers ad-hoc promoted to the grade of Joint Commissioner of Income Tax from 01.04.2018 to 30.09.2018-CBDT Order Download Order Click Here >>
All ITRs for AY 2018-19 are now available for e-Filing Income Tax Department has released Income Tax Returns (ITRs) Preparation utilities for AY 2018-19 for all ITRs ITR-1 , ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7 ITR Description Excel Utility Version Release Date Java Utility Version Release Date …
Startups exempted from issue of share price in excess of face value MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 24th May, 2018 INCOME-TAX S.O. 2088(E).—In exercise of the powers conferred by the clause (ii) of the proviso to clause (viib) …
