Category: Income Tax
Sales tax allowed to be retained for production in backward area held revenue receipt in the absence of any condition towards capital utilization-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1292 (2017) (07) HC The Question framed for determination: Whether the ITAT was correct in law in holding …
Income Tax identifies 5.56 lakh high cash depositors from SFT information. 1.04 lakh persons not disclosed all bank accounts. Operation Clean Money-2nd phase Income Tax Department pushes additional cases of High Cash Deposits in Second Phase of Operation Clean Money The Income Tax Department (ITD) has used information …
Revised Excel Format Tax Audit Report Form 3CD for Assessment Year 2018-19 for Reports issued on or after 20th August 2018. Earlier, the CBDT had Revised Tax Audit Report Form 3CD for AY 2017-18 reflecting effect of adjustments and disclosures on account of ICDS notified u/s 145(2) and more …
If foundational addition is deleted other addition can not stand. CIT(A) cannot do what AO could not have done in original assessment-ITAT ABCAUS Case Law Citation: ABCAUS 1291 (2017) (07) ITAT Assessment Year : 2006-07 Important Case Laws Cited/relied upon: CIT vs. Kanpur Coal Syndicate (1964) 53 ITR …
Valuation of unquoted equity shares new FMV formula-Rule 11UA MINISTRY OF FINANCE (Department of Revenue) Notification No. 61 /2017 New Delhi, the 12th July, 2017 INCOME-TAX G.S.R. 865(E).—In exercise of the powers conferred by section 50CA and sub-section (2) of section 56 read with section 295 of the …
CBI registers case against PrCIT and others, recovers cash of Rs 3.5 Crore, 05 Kg gold. Undue favour was given by transferring assessment files from Kolkata to ranchi CBI REGISTERS A CASE AGAINST PRINCIPAL COMMISSIONER OF INCOME TAX & OTHERS AND RECOVERS CASH OF RS.3.5 CRORE(APPROX) & 05 …
Exemption us 54F-if investment made before time allowed us 139(4) for filing of belated return. ITAT allowed exemption follwoing High Court judgments ABCAUS Case Law Citation: ABCAUS 1290 (2017) (07) ITAT The Issue: The only issue raised in the instant appeal was against denial of partial exemption u/s …
Launch of Aaykar Setu new Tax Payer Services Module by CBDT. A mobile responsive android version was also released along with the desktop version Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 10th July, 2017 PRESS RELEASE Launch of Aaykar …
Income Tax startegy for Intelligence and Criminal Investigation as per Income Tax Central Action Plan 2017-18 The Central Action Plan (CAP) 2017-18 of the Income tax Department stresses that ensuring complete and correct filing of the SFTs is essential to access credible and processed information which is vital for the …
Income Tax Startegy-action plan for TDS compliances for FY 2017-18 as per Income Tax Central Action Plan FY 2017-18 Income Tax Central Action Plan FY 2017-18 A. CAPACITY BUILDING: (a). TDS workshops and awareness programs can be conducted for all categories of deductors including government deductors. The programs can …
