Category: Income Tax
Addition for shortage in food grain stock ignoring excess quashed as it was made on the basis of earlier years agreed additions only – ITAT ABCAUS Case Law Citation: 1024 (2016) (09) ITAT Assessment Year: 2010-11 Brief Facts of the Case: The assessee was engaged in the trading of …
Addition for incorrect salary in form 26AS of IAS Officer quashed in view of contradiction in certificate by Chief Treasury Officer and Form 26AS – ITAT ABCAUS Case Law Citation: 1023 (2016) 09 ITAT Assessment Year 2011-12 Brief Facts of the Case: The assessee was an IAS Officer …
Double depreciation claim by charitable trust allowed as application of income up to 31-03-2014 as it has been barred u/s 11(6) from AY 2015-16-ITAT ABCAUS Casse Law Citation: 1022 (2016) (09) ITAT AY 2005- 06 and AY 2010-11 Brief Facts of the Case: The present appeal(s) was filed …
Number of Advance Pricing Agreements by CBDT crosses 100. APA Scheme was introduced in 2012 and Rollback provisions were introduced in 2014. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 23rd September, 2016. PRESS RELEASE Sub: Number of Advance Pricing …
Withdrawal of clarification u/s Section 138 of the Income tax Act regarding disclosure of information of assessee to authorities-CBDT F. No. 225/120/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, Dated the 22nd of September, 2016 Subject : …
Printing email-telephone number on Income Tax Notice us 143(2). Till automatic printing, stamp details to be mentioned on notice-CBDT DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 Email: adg2 .systems@incometax.gov.in, Telephone: 0120-2770029 F.No. DGIT(S)/ADG(S)-2/CASS 2016-17/93/2016 …
Unavoidable circumstances for waiver of interest us 234A also qualify for reduction/waiver of 234B 234C interest as well-Madras High Court. ABCAUS Case Law Citation: 1021 (2016) (09) HC Brief Facts of the Case: The petitioner assessee filed the present writ petitioner challenges the order passed by the Commissioner of Income Tax (CIT) …
Amendment to Income Tax Form 64A-Statement of income distributed by business trust to be furnished u/s 115UA. Notification 84/2016. MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 84 /2016 New Delhi, the 16th September, 2016 INCOME-TAX S.O. 2979(E).—In exercise of the powers conferred …
No Prohibition in disclosure of information us 138(1). CBDT/Income Tax Authorities can disclose information as per notification dated 23.05.2003 F. NO. 225/120/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 21st of September, 2016 Subject: Providing …
IDS-2016 declarations-CIT to take lenient view us 273A for years pending assessment for waiver of concealment peanlty as assessee co-operated in enquiry Circular F. No. 282/227/2016-IT(Inv-.V)/26/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) New Delhi, dated 21st September, 2016 …
