The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the National faceless Appeal Centre (NFAC) is bound to follow the circulars of the Central Board of Direct Taxes (CBDT). The assessee,

The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 02/2024 dated March 05, 2024, providing relief to trusts and institutions that submitted incorrect audit reports for the Assessment Year (A.Y.) 2023-24.

In a Clarificatory Circular No 22/2016, dated 8th June 2016, the Central Board of Direct Taxes clarified Amendment in Section 206C vide Finance Act 2016. The one percent tax collection at source introduced in this

The Central Board of Direct Taxes ( CBDT ) has issued a circular on the applicability of Tax Deduction at Source (TDS) from salaries. The Board had issued a Circular on 5th December 20 whereby

The Central Board of Direct Taxes ( CBDT ) released a Circular, No. 5/2024 dated March 15, 2024, under Section 268A of the Income-tax Act, 1961, outlining guidelines for the Department’s appeal filings before the

The Central Board of Direct Taxes ( CBDT ) has clarified that the circular issued by the Board on July 2018 prescribing monetary limits for tax appeals would also apply to matters relating to Wealth

The Central Board of Direct Taxes ( CBDT ) has directed its officials to expedite the disposal of condonation applications to admit belated applications in Form No. 9A and Form No.10 in respect of AY

While hearing the case between Ritu Bajaj and Assistant Commissioner of Income Tax, Delhi bench of Income Tax Appellate Tribunal (ITAT), while following a circular issued by the Central Board of Direct Taxes (CBDT), held

The Central Board of Direct Taxes (CBDT) has mandated that the hotels / restaurants will be taxed for the additional income collected as service charges under the Income Tax Act, 1961. Last year, the Ministry

The Mumbai ITAT recently held that merely because in one year the income of assessee- Trust exceeded the limit prescribed under section 2(15), by itself could not warrant the cancellation of registration of Trust under

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee by removing the addition related to transport services or medical expenses reimbursement provided to non-employees, thereby exempting

The Central Board of Direct Taxes (CBDT), today clarified that the rumors spreading across in social media regarding extension in due date for non-tax audit cases is fake. The Income Tax department further clarified that

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, ruled that addition made against housewife for having a deposit of Rs.2,40,000/, during demonetization period, is against CBDT Circular.

The Central Board of Direct Taxes ( CBDT ) has clarified that the Official Assignee, who realizes property of the insolvent and allocated it amongst the creditors of the insolvent, is required to file Income

The Jaipur bench of ITAT comprising Vijay Pal Rao (judicial member) and Vikram Singh Yadav (accountant member) recently held that the circular issued by the Central Board of Direct Taxes (CBDT) restricting amenities to doctors