Category: Income Tax
Adverse view taken on evidence without opportunity to cross-examine It is settled proposition of law that whenever the AO intends to take adverse view against the assessee on the basis of any evidence, he is required to confront the same to the assessee and if the assessee desires, he …
CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income and revised return not accepted – ITAT ABCAUS Case Law Citation: 985 2016 (08) ITAT AY: 2007-08 Date/Month of Judgment: August 2016 Brief Facts of the Case: The …
CBDT extends IDS Form-2 acknowledgment  issuance time to 30 days from 15 days for declarations filed under IDS Scheme in the month of July 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, dated 12th August, 2016 Order …
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th August, 2016 (INCOME-TAX) S.O. 2680(E).—Whereas, a Protocol amending the agreement between the Government of the Republic of India and the Government of Mauritius, signed on 24th August, 1982 for the avoidance of double taxation and the prevention …
Rent held Business Income not House Property income When the the assessee company had only one business and that is of leasing its property and earning rent therefrom, the income so earned should be treated as its business income and not as income from house property-Supreme Court ABCAUS Case …
EVC by Bank and Demat Account CBDT vide notification No. 1/2016 dated 19-01-2016 had provided additional modes of EVC by bank and demat account,. Electronic Verification Code (EVC) can be generated by pre-validating your Bank Account on the e-Filing portal. Punjab National Bank and United Bank of India …
F.No. A-22011/2/2016-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110 001 Date: 10.08.2016 Order No.143 of 2016 The following  postings I transfers in the grade of Commissioner of Income Tax (Local Change) are , hereby , ordered with immediate effect and …
e-Return Intermediary-Company Secretaries and Cost Accountants also qualified along with Chartered Accountants MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 9th August, 2016 S.O. 2670(E).—In exercise of the powers conferred by sub-section (1B) of section 139 of the Income tax Act, …
PAN compulsory in Form No 10 for author founders trustees managers of charitable trust or institution in application for registration u/s 12A MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 9th August, 2016 INCOME-TAX S.O. 2671(E).— In exercise of the powers …
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 9th August, 2016. Sub: Direct Tax Collections Increase by 24.01% up to July, 2016- reg The figures for direct tax collections up to July, 2016 show that net revenue collections …
