Tag: CBDT Instruction
Scrutiny Guidelines for invalid returns selected through CASS Cycle 2018. AO to drop proceedings u/s 143(2) and reopen the case by issue of notice u/s 148 F. No. 225/333/2019/ITA-IIGovernment of India Ministry of FinanceDepartment of Revenue Central Board of Direct Taxes** *** North Block, New Delhi,Dated, the 29th …
Monetary limits for filing income tax appeal not to apply to bogus penny stocks transactions of Long Term Capital Gains (LTCG) /Short Term Capital Loss (STCL) F. No. 279/Misc./M-93/2018-ITJ(Pt.)Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, Dated: 16th September, 2019 OFFICE …
Thresholds of tax forgone for prior approval of CIT (intl taxation) for issue of certificate u/s 197 of the Income Tax Act increased to Rs. 10 crores F. No.275/16/2019-IT(B)Government of IndiaMinistry of Finance, Department of RevenueCentral Board of Direct Taxes***** North Block, New Delhi 2nd September, 2019 Office …
Presumptive Tax u/s 44AE-Heavy Vehicle weight to be used, gross, laden or unladen. CBDT clarification for computing profits and gains of heavy goods vehicle F.No.225/233/2019/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 14th August,2019 ToThe Secretary GeneralAll India Motor Transport Congress New Delhi Sir, Subject: …
All Pending appeal to be withdrawn after increase in Monetary Limits-CBDT Clarification. All pending SLPs/ appeals/ cross objections/references to be withdrawn till 31.10.2019 F. No. 279/Mis/M-93/ 2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxs******* Room No. 12, 5th Floor, Jeevan Vihar Building,Parliament Street, New Delhi.Dated …
Verification Cash deposits during demonetisation period to undergo sharp scanner during scrutiny assessment. CBDT issues detailed instructions/checklist for help of AOs. The demonetisation period falls in the FY 2016-17 (i.e. AY 2017-18) and the deadline for completion of the scrutiny assessment of the same is 31st December, 2019. …
No Income tax communications to be issued without a computer-generated Document Identification Number (DIN) on or after 15.10.2019 Circular No. 19/2019 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, dated the 14th August, 2019 Subject: Generation/Allotment/Quoting of Document Identification Number in …
Transfer pricing adjustment without reference to TPO. Supreme Court upholds that AO breached mandatory Instruction but restored appeal to AO ABCAUS Case Law Citation:ABCAUS 3119 (2019) (08) SC Important case law relied upon by the parties: The instant Appeal by Special Leave was made by the Revenue to …
CBDT relaxes time-frame u/s 143(1) for processing of refund claims of all validly filed returns up to assessment year 2017-18 F.No.225/194/2019/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, the 5th August, 2019 Order under section 119 of the Income-tax …
Income Tax Department to share assets information of loan defaulters with PSB as per Schedule AL to ITR which contains particulars of assets and corresponding Liabilities F. No.225/148/2019/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi, dated 25th June, …
