Category: Income Tax
Disclosure of assessees information by Income Tax authorities. Director Vigilance Anti-Corruption Bureau Kerala notified u/s 138 The Hon’ble Supreme Court in the case of Girish Ramchandra Deshpande dated October 3, 2012 had observed that Income Tax Returns was personal information and exempt from disclosure u/s 8(1)(j) of the …
Polished granite slab used on floor is not tile under Karnataka Sales Tax Act Entry 8. that there is a distinction between polished granite stone or slabs and tiles-Supreme Court ABCAUS Case Law Citation: 1038 (2016) (10) SC Important Case Law Referred: M/s. Vishwakarma Granites v. Commissioner of …
Rakhi Sawant income tax appeals gets both relief and dismissal from ITAT-dismissal for delay, disallowance us 40(a)(ia) remanded assessee being not covered u/s 44AB ABCAUS Case Law Citation: 1037 (2016) (10) ITAT Appeal-1 dismissed for dealy There was a delay of 704 days for filing the appeal. The …
Modifications to Instruction No. 7/2016-Engagement of Standing Counsels to represent Income-tax Department before High Courts/other judicial forums F. No. 279/Misc/ M-75/ 2011-ITJ (PartII) Government of India Ministry of Finance Department of Revenue Central Board  of Direct Taxes (A&J Division) New Delhi, the 18th October, 2016 To All Principal …
Amendment to Instruction-Special Public Prosecutors Engagement (SPPs) to represent Income Tax Department before Courts of Session/subordinate courts F. No. 279/ Misc/M-77/ 2011-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (A&J Division) New Delhi, the 18th October, 2016 To All Principal Chief …
Penalty for late filing TDS return us 272A(2)(k) quashed as accountant had changed during the year and assessee was not aware of the delay. In a latest judgment, ITAT Mumbai quashed the penalty u/s 272A(2)(k) for late filing TDS return quashed as accountant had changed during the year …
Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 94/2016 New Delhi, the 17th October, 2016 INCOME-TAX G.S.R. 982(E).—In exercise of the powers conferred by section 115QA …
Tax audit ITR Due date extension Jammu Kashmir AY 2016-17 to 31-12-2016 for all categories of assessees. CBDT order u/s 119 F.No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 18th October, 2016 Order under …
Public Sector Company Deemed Demerger on Shares Transfer by Central Government MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 93/2016 New Delhi, the 14th October, 2016 (INCOME-TAX) S.O. 3204(E).— In exercise of the powers conferred by Explanation 5 to clause (19AA) of section …
Difference in CPC Demand and Central Action Plan CAP-1. Income Tax Department study shows PrCCIT Regions -wise unreconciled differences. Directorate of Income Tax has issued a letter to all Principal Chief Commissioners of Income Tax (PrCCIT) stating that it has observed noticeable differences in the amount of demand as reported …
