Income Tax Act
New procedure for registration, approval, etc. of certain entities deferred to 1st October, 2020
In view of the unprecedented humanitarian and economic crisis, the CBDT has decided that the implementation of new procedure for approval/ registration/notification
PAN-Aadhaar Linking | PAN if not linked with Aadhaar by 31-03-2020 will become inoperative
As reported by Hindu, The deadline for linking PAN Card with Aadhaar Card has been extended several times by the Income Tax Department
Public consultation on proposal for amendment of Income-tax Rules 1962, to insert new Rule 29BA and Form 15E, to give effect to the amendment in S. 195 of Income-tax Act, 1961
Section 195 of the Act relates to levy of tax deduction at source (TOS) on any sum chargeable to tax and which
Central Board of Direct Taxes notifies the Income–tax (Fifth Amendment) Rules, 2019
G.S.R. 614(E)—In exercise of the powers conferred by Section 139 A read with Section 295 of the Income-tax Act, 1961 (43 of
Del HC | Reassessment order quashed for non-compliance of ‘sacrosanct’ procedure laid down by SC in GKN Driveshafts case
Delhi High Court: A Division Bench of Dr S. Muralidhar and Talwant Singh, JJ. quashed an order of reassessment passed by the Assessing
Chh HC | Prosecution under Ss. 276-C and 277 of Income Tax Act doesn’t survive if penalty imposed on assessee is deleted by appellate authority
Chhattisgarh High Court: Prashant Kumar Mishra, J. quashed criminal proceedings pending against the petitioner-assessee before the Chief Judicial Magistrate for the commission of
Reporting requirements under Clauses 30-C and 44 of Tax Audit Report to be kept in abeyance till 31-03-2019
Order under Section 119 of the Income-Tax Act, 1961 Section 44 AB of the Income-Tax Act, 1961 (‘the Act’) read with Rule
‘Visakhapatnam Special Economic Zone Authority’ Constituted by Central Government
S.O. 1398(E) —In exercise of the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43 of 1961),
Central Government notifies — Constitution of ‘Andhra Pradesh Electricity Regulatory Commission’, Hyderabad
S.O. 1397(E)— In exercise of the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43 of 1961),
Motilal Pesticides overruled as it missed the difference in the terms ‘Income’ and ‘Gross Total Income’
Supreme Court: The 3-judge bench of Dr. AK Sikri, SA Nazeer and MR Shah, JJ decided an issue relating to interpretation of
Assessee failed to show land as agricultural thus no exemption granted, liable to be assessed
Kerala High Court: A 2-Judge Bench comprising of K.Vinod Chandran and Ashok Menon, JJ. dealt with an appeal against the order of
Comments invited on Draft Notification under S. 112A as inserted by Finance Act, 2018
The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and
Method of valuation of accreted income of trust/institution for additional tax u/S. 115TD(2), notified
G.S.R.399(E).– In exercise of the powers conferred by Section 295 read with Section 115TD of the Income Tax Act, 1961 (43 of 1961),
Section 145-A of Income Tax Act is not applicable to a service provider company
Bombay High Court: While disposing of an appeal under Section 260-A of the Income Tax Act, 1961 the Division Bench of M.S. Sanklecha,