When cash deposit was fully explained no peak credit addition was required as directed by ITAT while remitting the matter back to Assessing Officer ABCAUS Case Law Citation:ABCAUS 3210 (2019) (12) ITAT The single issue involved in the instant case was confirmation by the CIT(A)of the addition made …

Notifications/order issued for implementation decisions of 38th GST Council Meeting Central Tax Notifications Notification No. & Date of Issue   Subject 78/2019-Central Tax ,dt. 26-12-2019 download  Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Assam, Manipur or Tripura for …

Income Tax appeals pending with CIT(A) for more than 5 years to be disposed off by 31.03.2020 – CBDT In a communication addressed to all Pr. CCITs, CBDT has expressed serious concern over non-disposal of appeals pending for more than 3 years and 5 years with CIT(A). The …

Income tax department not entitled to make application to Court for returning seized property. Sessions Court dismissed Revision Application ABCAUS Case Law Citation:ABCAUS 3209 (2019) (12) AC Important case law relied upon by the parties:Union Bank of India Vrs. Judicial Magistrate 1983 ITRDeputy Director of Income Tax (Investigation) Vrs..State of Gujarat and Anr 319 ITR …

Deadline for submitting response in e-assessment proceedings is 29.12.2019. As per instruction circulated by the Directorate of Income Tax (Systems), the deadline for submitting response in e-assessment proceedings is 29.12.2019. It has been stated that the facility for electronic submission of documents through “e-proceedings” options in income tax …

CBDT appoints 187 IRS officers to the grade of Joint Commissioner of Income Tax (JCIT) on ad-hoc basis CBDT has appointed 187 officers of Indian Revenue Service to the grade of Joint Commissioner of Income Tax (JCIT) purely on ad-hoc basis in Level –  12 in the  pay …