Extension of time limit for filing of response to notices issued under section 142(1) of the Income-tax Act, 1961 under E-assessment Scheme-2019.
CBDT with a view to provide relief to the taxpayers and tax professionals and to facilitate the compliance with respect to e-Assessment proceedings under E-assessment Scheme 2019, has extended the time limit for filing of response to notices issued u/s 142(1) of the Income-tax Act issued up to 24.12.2019 by the National e-Assessment Centre up to 10.01.2020 or time given in such notices, whichever is later.
Notification issued acquires the force of law only upon its publication in the Official Gazette – Supreme Court In a…
Case remitted to verify claim of RTO liaisoner that the cash deposited in his account was of vehicle owners and…
The Jammu & Kashmir Bank Ltd. invites on-line applications for empanelment as Stock Auditors for 3 Financial Years i.e. from…
Broken period interest paid on purchase of securities was revenue expenditure since the securities constituted stock-in-trade In a recent judgment,…
ITAT quashed reassessment on the basis of borrowed belief of Anti-Corruption Bureau without applying mind In a recent judgment, ITAT…
In considering disallowance u/s 40A(2) for payments to specified persons, genuineness of expenditure is not a relevant issue. In a…