Tag: CBDT Instruction
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, …
CBDT fixes mandatory 24 hours participation in seminar, discussion etc. by Officers. Participation may be taken into consideration in transfer/postings. In March, 2019, the CBDT had decided to fix certain mandatory minimum hours in a year which each officer shall devote for participation in seminar, discussion etc. Such …
Exemption u/s 11 available for ITR filed belatedly by Trusts registered u/s 12AA – CBDT Clarification F.No. 173/193/2019-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, 23 April, 2019 To,The Pr. DGIT (Systems), New Delhi. Subject : Clarification with regard to the …
Income Tax Act does not invite any pre-deposit for stay of demand. 20 per cent amount prescribed by CBDT Instruction can be reduced at the discretion of AO-High Court ABCAUS Case Law Citation: ABCAUS 2882 (2019) (04) HC Important Case Laws Cited/relied upon by the parties The …
Time limits for uploading old pending appeals/disposals and current disposals made during FY 2018-19 in appeals module of ITBA CBDT has provided all CIT(Appeals) another window for uploading old pending appeals and current disposals made during FY 2018-19. In a letter issued in this respect by the Directorate …
Verification of cash deposits/withdrawals from bank accounts of struck-off companies particularly during demonetisation-CBDT Instruction Lately, the Registrar of Companies (RoCs), all over the country, took action against a number of companies under section 248(5) of the Companies Act, 2013 by removing their names from the Register of Companies. …
Income Tax Department operationalises Taxpayer Profile view for comprehensive view of taxpayer’s transactions, relationships, networks, documents and drill down to the underlying information. Income Tax Department is assisted by an Integrated Tax Payer Data Management System (ITDMS) in generating a 360 degree profile of a taxpayer. It compiles …
