Bombay High Court Cautions Tax Officers against Delays in Serving Assessment Orders on Taxpayers Expects the Central Board of Direct Taxes to apprise officials to act perceptively The Bombay...
Assessee Entitled to DTVSV Act Benefit During Pendency of Prosecution Not Involving Tax Arrears: Bombay High Court The petitioner challenged the order pending before the Income Tax Appellate...
Delhi High Court Rules Overlooking Assesssee’s Reply Exhibits AO’s Non-Application of Mind Holds denial of sufficient time an abrogation of jus naturale and it infringed the procedure of the CBDT ...
Calcutta High Court Rejects Income Tax Department's Appeal Citing Low Tax Effect The Calcutta High Court has dismissed the Income Tax Department’s appeal on the ground of low tax effects. The...
CBDT Grants TDS Exemption for Ship Leasing Income in IFSC Unit The Central Board of Direct Taxes (CBDT) has granted an exemption from Tax Deducted at Source (TDS) on income from ship leasing to units...
Gujarat High Court: Adequate Reasons Required for Reopening Assessments The Gujarat High Court's division bench has recently ruled that the authority's decision to reopen the assessment based on...
CBDT Issues Notification for Price Variation Tolerance Limits for Arm’s Length Price Determination for Assessment Year 2023-24 The Central Board of Direct Taxes (CBDT) has notified the tolerance...
CBDT: TDS Shall not be Levied on Interest Below Rs. 40,000 Earned from Mahila Samman Certificate The Ministry of Finance by its Department of Revenue- Central Board of Direct Taxes (CBDT) has...
CBDT Issues Clarifications: Employer’s Deductions of TDS under New ‘Default’ Personal Tax Regime The Ministry of Finance, Government of India through its Central Board of Direct Taxes (CBDT) vide its...
CBDT: Insolvency and Bankruptcy Board of India is Eligible for Tax Exemption on Grant-in-Aid, Fines, Fees, Interest Income Accrued The Ministry of Finance by its Department of Revenue- Central Board...
CBDT extends timeline for filing audit reports for AY 2022-23 The timeline for filing various audit reports for Assessment Year 2022-23 under the Income Tax Act, 1961 for certain categories of...
ITAT rules the revision order without DIN as invalid The Income Tax department had initiated proceedings against the appellant The Kolkata Branch of the Income Tax Appellate Tribunal (ITAT) has...
