The Calcutta High Court in the case of Rajmandir Estates Private Limited vs. Principal Commissioner of Income Tax, ITAT NO.113 OF 2016, held that even... Read More
Income Tax
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CBDT issues Instruction directing Assessing Officers to follow the time limit of section 154
2 min read
The Central Board of Direct Taxes has issued an Instruction on 15.02.2016 being No. 01/2016 wherein it has directed the Assessing Officers to strictly follow... Read More
CBDT issues Circular relating to starting of Limitation period for Penalty Proceedings
The Central Board of Direct Taxes (CBDT), Ministry of Finance, has issued a Circular being No. 09/DV/2016 on 26.4. 2016 in which it has expressed... Read More
Domestic Tax – TDS in Case of Secondment Agreement
The case emphasizes the conflict that took place between Mahanagar Gas Ltd. and GAIL & British Gas. The case belongs to the Domestic Tax genre,... Read More
Changes in the law relating to levy of penalty in the Finance Bill, 2016
The Finance Bill, 2016 aims to make drastic changes to the law relating to levy of penalty for concealment of income and furnishing of incorrect... Read More
Penalty cannot be levied for making error in claiming deduction with complicated conditions
5 min read
The ITAT, Delhi in the case of Oxford Softech Pvt. Ltd. (PAN: AAACO 4916 E) vs. ITO, Ward 13(1) A 6/3, Vasant Vihar ,New Delhi... Read More
Draft Assessment – Bombay High Court Judgment
The draft assessment request on 30th March, 2015 was even with the choice for the Supreme Court in GKN Driveshafts (India) Ltd v/s Income Tax Officer and Others reported... Read More
Application for Charitable Trust Registration Under Section 12 AA
In Society for the Promotion of Education, Adventure Sport and Conservation of Environment versus Chief of Income Tax (2008) 216 CTR (All) 167, the Allahabad... Read More
It has been suggested in the Union Budget that Security Transaction Tax (STT) should be treated as advance income tax such as TDS and income... Read More
In Society for the Promotion of Education, Adventure Sport and Conservation of Environment versus Chief of Income Tax (2008) 216 CTR (All) 167, the Allahabad... Read More
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged? 
Employer can forfeit gratuity of an employee in case of moral turpitude 
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure