Category: Income Tax

CBDT notifies 100 JCIT(Appeals) Addl. CIT(Appeals) under 14 Pr.CCIT and 46 Headquaters MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2023 New Delhi, the 14th June, 2023 (INCOME TAX) S.O. 2624(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of …

Subordination of Joint Commissioners of Income-tax (Appeals) or Additional Commissioners of Income-tax (Appeals) – CBDT Notification   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 41/ 2023 New Delhi, the 14th June, 2023   (INCOME TAX)   S.O. 2625(E).—In exercise of the powers conferred by …

ITD says mentioning correct contact & email id details in efiling portal is assessee’s mandatory duty. Ignorance of law and process not to be encouraged ABCAUS Case Law Citation:ABCAUS 3770 (2023) (06) ITAT In the instant case, the assessee was aggrieved by the ex-parte orders of  first appellate …

CBDT amends Rule 44E  of Application for obtaining an Advance Ruling CBDT has notified the Income-tax (Ninth Amendment) Rules, 2023 amending the Rule 44E related to Application for obtaining an Advance Ruling. The amendment seeks to prescribe mode and authorised signatory of the Application for different emtities, i.e …

CBDT amends e-advance rulings Scheme 2022 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification 38/2023 New Delhi, the 12th June, 2023 (Income-Tax) S.O. 2569(E).—In exercise of the powers conferred by sub-sections (9) and (10) of section 245R of the Income-tax Act, 1961 (43 of 1961), the …

When examining details, CIT(Appeals) was not clear as to nature then expenses cannot be disallowed by CPC under artificial intelligence – ITAT ABCAUS Case Law Citation:ABCAUS 3769 (2023) (06) ITAT In the instant case, the assessee had challenged the order passed by the The National Faceless Appeal Centre …

Penalty u/s 271B deleted where accountant handling accounts suddenly left the job but assessee furnished audit report before completion of assessment. ABCAUS Case Law Citation:ABCAUS 3768 (2023) (06) ITAT In the instant case, the assessee had challenged the order passed by the The National Faceless Appeal Centre (NFAC)/ …

Addition for unexplained cash deleted as assessee consistently declared tuition income and paid tax over 20 -25 years ABCAUS Case Law Citation:ABCAUS 3767 (2023) (06) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming addition made by the Assessing Officer …

Merely because assessee did not filed appeal against addition it cannot be a ground for imposing penalty – ITAT ABCAUS Case Law Citation:ABCAUS 3766 (2023) (06) ITAT Important Case Laws relied upon:Rajiv Kumar Garg vs. ITOCIT vs. Aero Traders (P) Ltd.Harigopal Singh vs. CIT (2002) 258 ITR 85 …

Estimating higher gross profit rate without rejecting books of account or pointing out any defects or discrepancies in the audited books of accounts not permissible ABCAUS Case Law Citation:ABCAUS 3765 (2023) (06) ITAT In the instant case, the Revenue had challenged the order passed by the CIT(A) in …