Category: Income Tax
Income Tax Officer suspended for demanding bribe through taxpayer’s chartered accountant which was substantiated by audio recordings and case records Press Information Bureau Government of India Ministry of Finance 08-December-2017 12:43 IST Income Tax Department suspends an officer for harassing the taxpayer A complaint was received making serious …
CBDT extends time for linking Aadhaar with PAN till 31-03-2018. Earlier the time was allowed till 31.12.2017. CBDT order u/s 119 F.No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes  North-Block, ITA.II Division New Delhi, dated the 8th of December, 2017 Order …
Revision order passed without confronting assessee with material in possession of CIT breached principles of natural justice. Though variance in SCN and order passed u/s 263 did not invalidate it. ABCAUS Case Law Citation: ABCAUS 2138 (2017) (12) HC The Challenge/Grievance: The assessee had challeneged the order of …
CBDT sets up Committee for review and updation of Investigation Manual F.No.414/125/2017-IT(Inv.I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated:27.11.2017 Room No. 269, North Block, New Delhi To, Chief Commissioner of Income tax (Central)-1,Mumbai Sub: Setting up of a Committee for …
CBDT sets up Committee for review and updation of Survey Manual last published in 2012. Committee to submit revised draft in 3 months F.No.414/125/2017-IT(Inv.I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated: 27.11.2017 Room No. 269, North Block, New Delhi To, …
CBDT sets up Committee for review & updation of Search and Seizure Manual published in 2007. Committee to submit revised draft in 3 months F.No.414/125/2017-IT(Inv.I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated: 27.11.2017 Room No. 269, North Block, New Delhi …
Depreciation claimed on land was not sheer mistake. High Court upheld sentence u/s 276C/277 of the Income Tax Act, 1961 ABCAUS Case Law Citation: ABCAUS 2137 (2017) (12) HC The Challenge/Grievance: The Petitioner company had filed a Criminal Revision petition u/s 397 of the Code of Criminal Procedure, …
CBDT signs first ever two Indian APAs with Netherlands in Nov-2017. The total number of APAs entered into by the CBDT has gone up to 186 Press Information Bureau Government of India Ministry of Finance 01-December-2017 11:53 IST Central Board of Direct Taxes (CBDT) signs two Indian Advance …
Unauthorized expansion of the scope of limited scrutiny-CBDT puts AOs violating its instructions under suspension and advises all to comply with instructions F.No. DGIT(Vig.)/HQ/Sl/2017-18 Government of India Ministry of finance Department of Revenue Central Board of Direct Taxes New  Delhi-11 0001 Dated:   30th November, 2017 Subject: Unauthorized expansion of …
Transfer of capital from proprietorship to partnership was not reconstruction u/s 10AA, dis entitling the assessee firm the benefit of exemption-High Court  ABCAUS Case Law Citation: ABCAUS 2136 (2017) (11) HC The Revenue has filed two appeals assailing the judgment and order of the Tribunal whereby tribunal had dismissed …
