Category: Income Tax

CBDT refusal to condone delay in filing return u/s 119(2)(b) cannot be contrary to the decision arrived at by another authority exercising analogous powers under the Income Tax Act.   ABCAUS Case Law Citation: ABCAUS 2070 (2017) (09) HC The Grievance: The instant Writ Petition was filed under …

TDS on interest on deposits under Capital Gains Accounts Scheme, 1988 where the depositor has deceased to be deducted against PAN of the legal heir Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi Notification No. 08/2017 New  Delhi, 13th, …

Direct Tax Collections up-to August, 2017 in the current FY 2017-18 show Growth of 17.5%. Beaten on demonetisaion and GDP front, Govt relies on tax figures   Press Information Bureau  Government of India Ministry of Finance 11-September-2017 19:12 IST Direct Tax Collections up-to August, 2017 in the current …

Promotion and Posting of in the grade of PrCCIT-CCIT-DGIT  CBDT by order no. 151 of 2017 dated 08/09/2017 has made the following promotions/changes/assigned additional charges: Grade Number of Officers promoted/ Locally changed/assigned additional charges Principal Chief Commissioner of Income Tax (Pr. CCIT) 13 CCIT/DGIT 3 CCIT/DGIT 4

Challenge to reopening u/s 147-Only reasons recorded relevant which the Court has to examine and not reasons or explanations given by the AO at a later stage – High Court   ABCAUS Case Law Citation: ABCAUS 2066 (2017) (09) HC The Grievance: The assessee by the instant writ …

Religious and charitable society/trust can not be denied exemption u/s 11 if not exclusively meant for one particular religious community- High Court   ABCAUS Case Law Citation: ABCAUS 2065 (2017) (09) HC The Substantial Question of Law urged/framed for determination: The Revenue urged the following question: Whether it …

Assessment framed in the name of company dissolved by amalgamation not a procedural defect but void. Provisions of section 292B not applicable-High court   ABCAUS Case Law Citation: ABCAUS 2064 (2017) (09) HC The Grievance: The Revenue was aggrieved by the order of the ITAT holding that assessment …

CBDT to get 1 percent incentive of additional revenue generated during fiscal year 2006-07 and subsequent years to augment infrastructure in Income Tax Department  GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (INFRASTRUCTURE) Room No. 204, 2nd Floor, …

Agreement for the supply of equipments-No TDS deductible u/s 194C of Income Tax Act as per provisions of law, case laws, circulations & clarifications-ITAT    ABCAUS Case Law Citation: ABCAUS 2063 (2017) (09) ITAT The Grievance: The Revenue had filed this Appeal against the order passed by the …

On making valid declaration under Direct Tax Resolution Scheme 2016, appeal in respect of the disputed income pending before CIT(A) shall be deemed to have been withdrawn.   ABCAUS Case Law Citation: ABCAUS 2061 (2017) (09) ITAT The Issue: The issue raised was against the dismissal of the …