CBDT shares e-filed ITRs statistics for last 8 years to justify that there is no decline though there is visible negative growth of -0.99% CBDT has made available comparative Income Tax Return e-filing statistics to strengthen its claim that there is no decline in the number of e-filed …

Procedure, format / standards for issue of certificate for TDS on salary in Part B of Form No. 16 through TRACES after amendment. Part B of Form-16 to be issued/downloaded from TRACES Portal Government of India Ministry of FinanceCentral Board of Direct Taxes Directorate of Income-tax (Systems) New …

Penalty u/s 271(1)(c) for inadvertently not showing salary from second employer deleted as assessee suo moto recalculated and paid the tax along with interest ABCAUS Case Law Citation: ABCAUS 2908 (2019) (05) ITAT The appeal was filed by the assessee against the order of the Commissioner of Income …

Expenditure on advertisement and brand promotion allowed in the year in which incurred wholly and exclusively for the purposes of business ABCAUS Case Law Citation: ABCAUS 2907 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Madras Industrial Investment Corporation Ltd. v. CIT 225 ITR 802 …

RBI invites application for Scholarship Scheme for Faculty Members from Academic Institutions for undertaking short term research The Reserve Bank of India invites application as per prescribed format from full-time faculty members, teaching economics or finance in any University Grants Commission (UGC) or All India Council for Technical Education …

Dismissing appeal ex-parte by CIT(A) on very first date of hearing without giving proper opportunity to the assessee to prepare the case was unjustified – ITAT ABCAUS Case Law Citation: ABCAUS 2906 (2019) (05) ITAT The appeal by Assessee was directed against the Order of the CIT(A) whereby …