Category: Income Tax

Deductions not claimed for CA mistake allowable during assessment proceedings if found correct and there is no need to file revised return-ITAT

Deductions not claimed for CA mistake allowable during assessment proceedings if found correct and there is no need to file revised return-ITAT

December 29, 2016 Income Tax, ITAT, Judgments
Deductions not claimed for CA mistake allowable during assessment proceedings if found correct and there is no need to file revised return-ITAT ABCAUS Case Law Citation: ABCAUS 1089 (2016) (12) ITAT The Grievance: The present appeal was directed against the order of Assessing Officer (AO) and CIT(A) inter …

Special Auditor us 142(2A)-Empanelment and Digitisation. Standing Counsel Empanelment- Income Tax ITBA Instruction

December 28, 2016 Income Tax
Special Auditor us 142(2A)-Empanelment and Digitisation. Standing Counsel Empanelment- Income Tax ITBA Instruction by Directorate of I.T. (Systems) ITBA-Administrative Functions Instruction No.4 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/Administrative/178/2016-17/                 …
PMGKY-2016-acceptance of demonetized currency for deposits tax, penalty, surcharge. CBDT asks Officials to popularise the fact

PMGKY-2016-acceptance of demonetized currency for deposits tax, penalty, surcharge. CBDT asks Officials to popularise the fact

December 27, 2016 Income Tax
PMGKY-2016-acceptance of demonetized currency for deposits  tax, penalty, surcharge. CBDT asks Officials to popularise the inclusion of the fact in RBI FAQ F. No. 385117/20 16-IT(B) Government of India Ministry of Finance Central Board of Direct Taxes New Delhi, Dated: 27.12.2016 To, All Principal Chief Commissioners and Principal …
Nobody should think that tax evasion acceptable. There is need for mindset of voluntary compliance and payment of legitimate taxes-Finmin

Nobody should think that tax evasion acceptable. There is need for mindset of voluntary compliance and payment of legitimate taxes-Finmin

December 26, 2016 Finance Ministry, Income Tax
Nobody should think that tax evasion acceptable. There is need for mindset of voluntary compliance and payment of legitimate taxes-Finance Minister   Finance Ministry Dated: 26-12-2016 Press Release Finance Minister: There is a need for move towards a mindset of voluntary compliance and payment of legitimate taxes should …
FAQ-Direct Tax Dispute Resolution Scheme 2016 Clarification. Penalty cases tax payments in instalments, writ petitions etc. CBDT Circular 42 of 2016

FAQ-Direct Tax Dispute Resolution Scheme 2016 Clarification. Penalty cases tax payments in instalments, writ petitions etc. CBDT Circular 42 of 2016

December 23, 2016 Income Tax
FAQ-Direct Tax Dispute Resolution Scheme 2016 Clarification. Penalty cases tax payments in instalments,  writ petitions etc.  Circular No. 42 of 2016 F.No.142/11/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated 23rd December, 2016 Clarifications on the Direct …
Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO was not dissatisfied with correctness of claim made by assessee-ITAT

Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO was not dissatisfied with correctness of claim made by assessee-ITAT

December 22, 2016 Income Tax, ITAT, Judgments
Disallowance us 14A for practicing Senior Advocate of Supreme Court deleted as AO  was not dissatisfied with correctness of the claim made by assessee-ITAT ABCAUS Case Law Citation: ABCAUS 1087 (2016) (12) ITAT Important Case Laws cited: CIT vs. Taikisha Engineering Ltd. Brief Facts of the Case: The …