Category: Income Tax
Assumed Service of notice when it not received back not accepted by ITAT as proof of service on the assessee. Order of CIT(A) remanded holding that assessee was prevented by reasonable and sufficient cause for not appearing ABCAUS Case Law Citation: ABCAUS 2657 (2018) (12) ITAT The appeal …
Capital gain addition u/s 50C for unauthenticated cuttings in sale deed for amount of sale consideration remanded back for obtaining copy from the Registering authority ABCAUS Case Law Citation: ABCAUS 2655 (2018) (11) ITAT The instant appeal was filed by the assessee against the order of the Commissioner …
Complete time barring scrutiny assessments by 25th of December 2018 – CBDT direction to AOs over pendency of large number of cases CBDT in its latest DO addressed to all Principal Chief Commissioners of Income Tax ( PrCCIT ) has expressed concern over pendency of large number of …
Thalassemia and Sickle Cell Society approved u/s 35 of the Income-tax Act, 1961 in the category of Scientific Research Association MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 84/2018 New Delhi, the 26th November, 2018 S.O. 5852(E).—It is hereby notified for general information that …
Disallowance of 80IB deduction by passing rectification order u/s 154 quashed as AO took a conscious and considered view to allow deduction which was not mistake apparent – ITAT ABCAUS Case Law Citation: ABCAUS 2654 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Krishak Bharti Co-operative …
Scope of enquiry in limited Scrutiny cases selected under CASS cycles 2017/2018 where information provided by any law-enforcement, intelligence agency-CBDT F.No. 225/402/2018/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North Block, New Delhi, the 28th December, 2018 ToAll Principal Chief-Commissioners of Income-tax/All Principal Director-Generals of Income-tax Sir/Madam, Subject: …
Disallowance u/s 40A(2)(b) merely for common Directors not sustainable. Invoking the section necessarily implies that such expenses are otherwise allowable – ITAT ABCAUS Case Law Citation: ABCAUS 2653 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Enviro Control Associate Pvt. Ltd. 43 taxman.com 291 The appellant …
Outsourcing of data entry functions in Income Tax Department poses a risk of refund frauds and leakage of confidential data – CBDT CentralBoardofDirectTaxes (CBDT) in a latest instruction has stated that large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds …
Income Tax Prosecution u/s 276CC discharge of accused denied by Trial Court since plea of accused u/s 251 CrPC had been recorded and recording of evidence already commenced ABCAUS Case Law Citation: ABCAUS 2652 (2018) (11) AC Important Case Laws Cited/relied upon: Subramanium Sethuraman V. State of Maharashtra: …
Templates of Rulings received from other jurisdictions under BEPS Action 5. Ruling exchanged and approach to deal with it. Instruction No. 6/2018 F. No: 500/141/2018-FT & TR-V Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax Research- II FT …
