Category: Income Tax
Income Tax Departmental Representatives not to seek adjournments in cases listed before ITAT-CBDT Taking a serious note of the adverse view taken by the Hon’ble Delhi High Court, CBDT has asked all Pr CCITs to direct Department Representatives (DR) not seek adjournments in cases listed before ITAT without a substantial cause …
Registration of trust us 12A not involve enquiry into actual activities or application of funds, etc. which may be examined at the stage of assessment. High Court ABCAUS Case Law Citation: ABCAUS 2149 (2017) (12) HC The Challenge/Grievance: This income tax appeal was filed under Section 260-A of …
Order passed by AO before expiry of the date of hearing fixed was in violation of the principles of natural justice and cannot stand to the test of law-High Court ABCAUS Case Law Citation: ABCAUS 2146 (2017) (12) HC The Challenge/Grievance: The petitioner was aggrieved by the impugned …
Defective returns selected under CASS Scrutiny if defects are not removed AO to pass assessment order u/s 144 as if no return was filed by the assesse DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi -110055 F.No. System/ITBA/CASSlDefective returns/17 -18/ Dated : 12.12.2017 To,The …
Extension of due date of deposit of TDS-TCS for the month of October 2017 by one day F.No.275/38/2017 -IT(B) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES N0rth Block, New Delhi 13th December, 2017 ORDER UNDER SECTION 119 OF THE INCOME-TAX A …
Rejection of account books for not producing vouchers quashed. The High Court held that mere absence thereof did not give rise to presumption that there was any non-disclosure when no evidence existed to doubt the correctness or completeness of the books of account. ABCAUS Case Law Citation: ABCAUS 2145 …
Tax demands raised by Income Tax on Software Industry for export of IT/IT enabled services provided to clients abroad. Govt says apprehensions without basis Press Information Bureau Government of India Ministry of Finance 12-December-2017 15:41 IST Apprehensions about the negative effects of certain tax demands on the Software …
Deemed dividend provisions not attracted in absence of actual payment. Payment u/s 2(22)(e) has to be physical-actual and not mere book entry-High Court ABCAUS Case Law Citation: ABCAUS 2144 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) This under …
Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year even if in initial year eligibility was satisfied.-Supreme Court ABCAUS Case Law Citation: ABCAUS 2143 (2017) (12) SC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against …
Mere not recording of transactions not make them undisclosed if entries are otherwise verifiable from other primary books. High Court upheld ITAT judgment ABCAUS Case Law Citation: ABCAUS 2142 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against the …
