Tag: Assessment order u/s 144C
ITAT allows commission expenses in connection with sale of property despite no written agreement ITAT allows commission expenses as deduction from capital gain in connection with transfer of property despite no written agreement In a recent judgment, the ITAT has allowed commission expenses in connection with transfer of …
Assessee can not be prevented from claiming an income exempt merely because such income was wrongly offered in ITR which was not revised – ITAT In a recent judgment, ITAT has set aside a case for fresh determination of taxability of receipts wrongly offered to tax in return …
CBDT extends deadlines of certain compliances by taxpayers deadlines to 31st May 2021 Circular No. 08/2021 F.N0.225/49/2021/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, Dated 30th April, 2021 Subject: Extension of time lines related to certain compliances by the Taxpayers under the Income-tax Act …
CBDT extends time limit for passing order u/s 144C or issuance of notice u/s 148, sending intimation u/s 168(1) linking of PAN to aadhar MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 20/2021 New Delhi, the 31st March, 2021 S.O.1432(E).—In exercise of the …
Training Expenses on company executive revenue in nature not capital as the workforce can move out any time-ITAT ABCAUS Case Law CitationABCAUS 3400 (2020) (10) ITAT Important case law relied upon by the parties:ST Ericsson India Pvt. Ltd.CIT vs. Munjal Showa Ltd. In the instant case, the assessee …
Filing Income Tax Form with scanned signature held only procedural defect and curable in nature. ITAT allowed Form 35A filed with DRP. ABACUS Case Law CitationABCAUS 3353 (2020) (08) ITAT Important case law relied upon by the parties:MSM Satellite (Singapore) Pvt. Ltd. vs. JDIT In the instant case, …
Corrigendum cannot validate draft assessment order passed u/s 143(3)/144C by Assessing Officer clearly mentioning that order passed was a draft assessment order ABCAUS Case Law Citation:ABCAUS 3255 (2020) (02) ITAT Important case law relied upon by the parties:Vijay Television P. Ltd. Vs Dispute Resolution Panel & Ors. (2014) …
AO not required to issue draft rectification order for assessment completed u/s 144C. Only a proposed “order of assessment” can be challenged before DRP ABCAUS Case Law Citation:ABCAUS 3014 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties:CIT Vs C Sam India Pvt Ltd Dimension Data …
Draft Assessment order u/s 144C with demand and penalty notice is illegal as it partakes the character of final assessment order – ITAT ABCAUS Case Law Citation: ABCAUS 3013 (2019) (06) ITAT Important Case Laws Cited/relied upon by the parties: Pr. CIT Vs. Lionbridge Technologies Pvt. Ltd. International …
