Tag: CBDT Instruction
Issue of notice for prima facie adjustment u/s 143(1)(a) of the Income Tax Act. ITBA Instruction for processing of ITR for AY 2017-18 With effect from AY 2017-18 amendments have been done in the Income Tax Act with regard to processing of cases under 143(1). Provision of section …
CBDT Guidelines for representation of cases before CIT(A) and formation of “Regional Talent Pool” and “National Talent Pool” The CBDT has issued an Instruction to all Pr. Chief Commissioners of Income Tax emphasizing that the income tax cases should be properly defended before the CIT(Appeals), as the department will have …
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act, 1961 read with Rule 11UA(2) of Income-tax Rules, 1962 -reg. CBDT vide instruction dated 06.02.2018 instructed that no coercive measures to recover the outstanding demand would be taken in …
CBDT has decided to subject the registration process of charitable trusts / institutions to internal audit and has issued detailed procedure in this regard. In partial modification of its earlier Instruction No. 6 of 2017 dated 21.07.2017, CBDT has stated that the Hon’ble Public Accounts Committee( PAC ) …
CBDT reiterates that appeals against adverse judgments should only be filed on merits even on issues mentioned in para 10 of Circular No. 3 of 2018 F. No . 279/Misc/M-93/2018-ITJ Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes Judicial Section New Delhi, 11th …
SOP for dealing with ITR Processing or Assessment in suspected Fraud PAN / TAN cases involving refund / TDS fraud or claiming false deduction/exemption – CBDT Instruction SOP for dealing with ITR Processing or Assessment in suspected refund / TDS fraud Directorate of Income Tax (System) in a …
Complete time barring scrutiny assessments by 25th of December 2018 – CBDT direction to AOs over pendency of large number of cases CBDT in its latest DO addressed to all Principal Chief Commissioners of Income Tax ( PrCCIT ) has expressed concern over pendency of large number of …
Scope of enquiry in limited Scrutiny cases selected under CASS cycles 2017/2018 where information provided by any law-enforcement, intelligence agency-CBDT F.No. 225/402/2018/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North Block, New Delhi, the 28th December, 2018 ToAll Principal Chief-Commissioners of Income-tax/All Principal Director-Generals of Income-tax Sir/Madam, Subject: …
Outsourcing of data entry functions in Income Tax Department poses a risk of refund frauds and leakage of confidential data – CBDT CentralBoardofDirectTaxes (CBDT) in a latest instruction has stated that large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds …
Processing of returns with refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons ITBA-Processing Instruction No 4 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated: 08.10.2018 …
