Category: Income Tax
Income Tax Rule 17CB Method of valuation of accreted income of the trust/institution for additional tax u/s 115TD(2) Chapter XII-EB of the Income tax Act, 1961 (‘the Act’) contains Special provisions relating to tax on accreted income of trusts or institutions registered under section 12AA of the Act. …
Interest on personal loan taken for business purpose allowed as business expenditure. The assessee could very well attribute the interest free funds for personal purpose. ABCAUS Case Law Citation: ABCAUS 1223 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Secretive commission payment not allowable us 37(1). It was in the nature of bribe to procure business which is prohibited under explanation to Section 37(1) ABCAUS Case Law Citation: ABCAUS 1221 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Annual General Transfer List in the grade of JCIT-Addl CIT of Income Tax. Request Cases 36 Relaxation Cases 73 Mandatory Transfer 27 F.No. A-22013/1/2017-Ad -VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block. New Delhi-110 001. Date: 24.04.2017. Order No. …
CBDT Chairman asks for timely redressal of public grievances. CBDT is one of 20 Govt. Departments receiving maximum no. of grievances on CPGRAMS GOVERNMENT OF INDIA Ministry of Finance/Department ot Revenue Central Board of Direct Taxes North Block, New Delhi- 110001 email: chairmancbdt@nic.in Tele :23092648 & Telefax :23092544 …
Annual General Transfer List in the grade of ACIT-DCIT of Income Tax. Request Cases number 215 Relaxation Cases number 55 Mandatory Transfer case number 3. F.No. A-22013/1/2017-Ad -VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block. New Delhi-110 001. Date: …
Lack of enquiry or inadequate enquiry. Revision u/s 263 quashed by ITAT applying the large number of judgments of High Court and Supreme Court. ABCAUS Case Law Citation:ABCAUS 1220 (2017) (04) ITAT The Grievance:The appellant assessee was aggrieved by the revisionary order passed by the Commissioner of Income …
Salary recovered for notice period not taxable salary us 16 as per agreement with the employers when actually assessee had received less salary – ITAT ABCAUS Case Law Citation: ABCAUS 1219 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of …
Removal of Cyprus from list of notified jurisdictional areas us 94A of the Income-tax Act retrospectively from 01.11.2013-Clarification Removal of Cyprus from list of notified jurisdictional areas F. No. 500/002/2015-FT&TR-III(1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Circular No. 15 …
Disallowance of interest for drawings out of cash credit account deleted as despite drawings closing balance of capital was more than opening balance ABCAUS Case Law Citation: ABCAUS 1217 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income Tax …
