Category: Income Tax

Time limit for issue of notice u/s 143(2) is from the date of filing of original return of income – ITAT In a recent judgment, ITAT Delhi has held that time limit for issue of notice u/s 143(2) has to be considered for date of filing of original …

Two flats on two different floors not a single dwelling unit – ITAT rejects exemption u/s 54 In a recent judgment, ITAT Delhi has rejected the claim of capital gain exemption u/s 54 holding that two flats on two different floors can not be considered as a single …

ITD to provide link to assessee to file appeal with new PAN when assessment order was passed in old PAN – High Court In a recent judgment, Hon’ble Kerala High Court directed Income Tax Department to provide a link in to assessee to file appeal in e-portal with …

Non deposit of tax deducted by deductor – ITAT directs AO to take action against deductor and tax credit allowed to assessee In a recent judgment, ITAT Cochin has given an important judgment on the issue of non credit of TDS due to mismatch with Form 26AS where …

AO whether obliged to decided pointwise objection of assessee in response to notice u/s 148A(b) – Supreme Court admits SLP of the assessee  In a recent judgment, the Hon’ble Allahabad High Court had held that all merit objections raised by the assessee in response to a notice issued …

Addition on account of unexplained investment in construction of hotel building and undisclosed income from Lawn Garden bookings – ITAT dismissed appeal of the Income Tax Department In a recent judgment, ITAT Jaipur has upheld the deletion of additions of account of unexplained investment in construction of hotel …

Transfer/Promotion in the grade of CIT / Director of Income Tax CBDT has made 20 transfer/postings in the grade of Commissioner of Income Tax/Director of Income Tax on account of promotion/additional charge/others.  Promotion Cases: One case Other cases: Lucknow: One caseDelhi: Six casesAgra: One caseKarnal: One caseMumbai: One …

Promotions/Transfer and postings in the grade of PCIT/Principal Director of Income Tax CBDT has made 23 Promotions/transfer/postings in the grade of Principal Commissioner of Income Tax/Principal Director of Income Tax on account of promotion/additional charge/others. Promotion Cases: One case Other cases: Delhi: Three casesMumbai: One caseAhmedabad: One caseGwalior: …

High Court directs return of passports to directors accused of tax evasion u/s 276C, 277 of income Tax Act 1961 In a recent judgment, the Hon’ble High Court of Madras has directed return of passports to directors of company accused of offences u/s 276C for willful attempt to …

CBDT Extends Due Date for Filing Return of Income in the case of an assessee who is required to furnish a report referred to in section 92E, for AY 2024-25 The due date for furnishing the return of income u/s 139(1) of the Income-tax Act,1961 (the Act) in …