Category: Income Tax
High Court directs payment to Kerala Chief Minister’s Distress Relief Fund for restoration of the appeals and consideration on merits by Tribunal ABCAUS Case Law Citation: ABCAUS 2573 (2018) (10) HC Many High Courts have issued directions to Petitioners to deposit sums to Kerala Chief Minister’s Distress Relief …
Gauhati HC directs CBDT to consider extension to 31.12.2018 and pass an speaking order on or before 25.10.2018. CBDT denies further extension-order passed detailed order as per Gauhati High Court Direction Read More >> 31.10.2018 Gauhati HC in a fresh motion moved by Tax Bar Association asks CBDT …
Encashment of bank guarantee as performance security in BoT Project was revenue expenditure. If property constructed not owned by the assessee, expenditure incurred would not be capital – ITAT ABCAUS Case Law Citation: ABCAUS 2571 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: CIT versus …
Alleged gift from foreign citizen on his death held colouring device as it was based upon undated nomination paper not supported with any evidence ABCAUS Case Law Citation: ABCAUS 2570 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: The Assessing Officer (AO) noticed that the …
Proportionate allocation of deemed dividend based on shareholding of borrowing company may arise if there are two or more common shareholders in lending and borrowing company ABCAUS Case Law Citation: ABCAUS 2568 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: ACIT Vs Bhaumik Colours Pvt. …
Processing of returns with refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons ITBA-Processing Instruction No 4 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated: 08.10.2018 …
Sawai Man Singh was not holder of an impartible estate, He was absolute Ruler till merger and thereafter his status was of a HUF ABCAUS Case Law Citation: ABCAUS 2567 (2018) (10) HC Important Case Laws Cited/relied upon by the parties: Shiba Prasad Singh vs. Rani Prayag Kumari …
No Late Fee 234E can be levied when challan cum statement Form 26QB filed within the due date as required u/s 200(3) rwr 31A(4A) – ITAT ABCAUS Case Law Citation: ABCAUS 2566 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Mahavir AGENCY vs. Income Tax OFFICER …
CBDT Transfers 69 officers in the grade of Commissioners of Income Tax with effect from 09.10.2018.
Expecting assessee to submit voluminous details at fag end in a short period of time when AO kept assessment proceedings dormant for one year was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2565 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: Pr.CIT Vs. Ashokji …
