Transfer Posting in the grade of PrCCIT on promotion.
CBDT, on promotion, has ordered the transfer/posting of 19 Pr. Chief Commissioner of Income Tax /Pr. Director General of Income Tax .
- Credit in partner’s capital account for book entry adjustments can not be added u/s 68
- Non-compliance of summons issued u/s 131 no ground to make addition u/s 68
- Assessee not obliged to demonstrate actual utilization of donation u/s 35(1)(ii)
- For Registration u/s 12AB, phrase “genuineness of activities” is interpreted liberally
- If AO rejects a reply, he has to offer opportunity of personal hearing to assessee
