Category: Income Tax

Limitation us 275 imposing penalty starts from date of initiation by AO though it is imposable by Addl/JCIT. Penalty us 272A(2)(k), 271C held time barred

Limitation us 275 imposing penalty starts from date of initiation by AO though it is imposable by Addl/JCIT. Penalty us 272A(2)(k), 271C held time barred

June 30, 2016 Income Tax, ITAT, Judgments
Limitation us 275 imposing penalty starts from the date of initiation by the Assessing Officer though it is imposable by Additional/Joint Commissioner of Income-tax but there is no bar on the initiation of penalty proceedings by the ITO. Proceedings us 272A(2)(k), 271C held time barred by ITAT ABCAUS …
Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid – ITAT

Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid – ITAT

June 30, 2016 Income Tax, ITAT, Judgments
Assessment u/s 153A based on pre-search enquiries and not on incriminating material unearthed during search seizure operation u/s 132 invalid – ITAT ABCAUS Case Law Citation: 960 2016 (06) ITAT Date/Month of Order/Judgment – June, 2016 Assessment Year: 2006-07 & 2007-08 Important Judgments Cited/Relied upon: CIT vs. Kabul Chawla …
Foreign Tax Credit Income Tax Rule 128. Resident allowed credit for foreign tax paid in country/specified territory outside India CBDT Notification 54/2016

Foreign Tax Credit Income Tax Rule 128. Resident allowed credit for foreign tax paid in country/specified territory outside India CBDT Notification 54/2016

June 30, 2016 Income Tax
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Income-tax Notification No. 54/2016 New Delhi, the Dated: 27th June, 2016 S.O.2213(E).─ In exercise of the powers conferred by clause(ha) of sub-section (2) of section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct …
Revised Procedures for Online e-filing of TDS TCS Statements/Returns. Registration, Prepararion, Submission and EVC-CBDT Notification

Revised Procedures for Online e-filing of TDS TCS Statements/Returns. Registration, Prepararion, Submission and EVC-CBDT Notification

June 28, 2016 Income Tax
F. No. DGIT(S)-ADG(S)-2/e-filing Notification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 11/2016 New Delhi, Dated: 22nd June, 2016 Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200 and statement of …
Deduction 80IB(7)(b) Rule 18BBC certificate by Regional Director instead Director General of Tourism valid as in Government Departments powers are delegated

Deduction 80IB(7)(b) Rule 18BBC certificate by Regional Director instead Director General of Tourism valid as in Government Departments powers are delegated

June 27, 2016 Income Tax, ITAT, Judgments
Deduction 80IB(7)(b) Rule 18BBC certificate by Regional Director instead Director General of  Tourism valid as in Government Departments powers are delegated. Since no Perform of the certificate has been prescribed in the Rules,  non mentioning of section 80IB(7(b) can not be a ground for disallowance – ITAT ABCAUS Case Law …