Category: Income Tax

Revision of Media Policy of Income Tax Department. CBDT constitues of committee to draft amended guidelines to regulate interaction with Media

Revision of Media Policy of Income Tax Department. CBDT constitues of committee to draft amended guidelines to regulate interaction with Media

August 10, 2016 Income Tax
Revision of Media Policy of Income Tax Department. CBDT constitues of committee to draft amended guidelines to regulate interaction with Media F. No.402/95/2016-17/MC Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 9th August, 2016. OFFICE MEMORANDUM Sub: Revision of the …
Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on addition making apparent that it is debatable – ITAT

Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on addition making apparent that it is debatable – ITAT

August 7, 2016 Income Tax, ITAT, Judgments
Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on quantum addition making apparent that addition is debatable – ITAT ABCAUS Case Law Citation: 982 2016 (08) ITAT Assessment Year: 2005-06 Date/Month of Judgment: August 2016 Brief Facts of the Case: During the …
Penalty 271(1)(c) for claiming Short Term Capital Gain STCG as Long Term Capital Gain LTCG and deduction us 54F quashed by the ITAT

Penalty 271(1)(c) for claiming Short Term Capital Gain STCG as Long Term Capital Gain LTCG and deduction us 54F quashed by the ITAT

August 7, 2016 Income Tax, ITAT, Judgments
Penalty 271(1)(c) for claiming STCG as LTCG and deduction us 54F quashed by the ITAT holding that if the assessee had not concealed any fact while filing the return and filed the copies of the document along with the return, merely because the sale proceeds were shown as a long term capital gain …
Penalty us 271FA for late filing AIR Return quashed. Country’s tax laws are complex, complicated and require assistance of specialised tax practitioners

Penalty us 271FA for late filing AIR Return quashed. Country’s tax laws are complex, complicated and require assistance of specialised tax practitioners

August 7, 2016 Income Tax, ITAT, Judgments
Penalty us 271FA for late filing AIR Return quashed by ITAT considering that the tax laws of the country are complex and complicated and require assistance of specialised tax practitioners.  ABCAUS Case Law Citation: 980 2016 (08) ITAT Date/Month of Judgment: August 2016 Important Judgments relied by the assessee: Motilal …
SOP-Service Delivery-Grievances Redressal in Income-tax Department. Administration of Tax Payer Services and Functions of different Officers

SOP-Service Delivery-Grievances Redressal in Income-tax Department. Administration of Tax Payer Services and Functions of different Officers

August 4, 2016 Income Tax
F. No. DIT (TPS-1)/01/2016-17/508 Governm ent of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Income-tax (Taxpayer Services-I) New Delhi, the 2nd August, 2016 STANDARD OPERATING PROCEDURES (SOP) FOR  ADMINISTERING TAX PAYER SERVICES 1. The Income-tax Department is committed to promote voluntary …