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CBDT Circular

Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]

Gayathri C.H

The Income Tax Appellate Tribunal (ITAT) Rajkot Bench, has recently, in an appeal filed before it, by relying on the CBDT circular, held that...

AO Exceeding Jurisdiction in Enquiring Issues Beyond Scope of Limited Scrutiny is in Violation of...

Assessment and Rectification Order does not contain DIN and Order number is Invalid: ITAT [Read...

Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists...

Bombay HC - CBDT Circular - Bombay High Court - CBDT - Expenses - Doctor Freebies - taxscan

Bombay HC rules CBDT Circular disallowing Expenses associated with Doctor Freebies, not applicable...

Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that statutory provisions of S. 244A of the Income Tax Act cannot be altered by CBDT circular. ...

CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]

The Bombay Bench of High Court has held that the Central Board of Direct Tax (CBDT) circular prescribing limitation to decide application for compounding of offence would be violative of Section...

Dividend Income Earned on Shares are Exempted u/s 10(34), No Tax Liability: ITAT [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that disallowance under section 14A of the Income Tax Act,1961 does not apply to interest income earned from the negative capital...

NFAC bound to Follow CBDT Circular: ITAT [Read Order]

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). ...

Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) providing a ceiling on the holding of the...

Revisional Order passed without DIN is violative of CBDT Circular, Invalid: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Kolkata bench has quashed a revisional order passed under section 263 of the Income Tax Act, 1961, without mentioning of the Document Identification Number...

Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]

The Surat bench of Income Tax Appellate Tribunal (ITAT) comprising Shri Pawan Singh, JM and Dr Arjun Lal Saini, AM has held that the addition on profit estimation needs to be done on profit to the...

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