![Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/DIncome-Tax-Calculation-FAQ-CBDT-Circular-Bombay-HC-TAXSCAN.jpg "Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]")
Disputed Income Tax Calculation based on FAQ from CBDT Circular invalid if Specific Provision exists in Act: Bombay HC remands matter [Read Order]
A Division Bench of the Bombay High Court has recently remanded an income tax matter to the Principal Commissioner, while the impugned order was...
![Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Statutory-Provisions-Income-Tax-Act-CBDT-Circular-CBDT-ITAT-Income-Tax-taxscan-.jpg "Statutory Provisions of S. 244A of Income Tax Act cannot be Altered by CBDT Circular: ITAT [Read Order]")
![CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Circular-Income-Tax-Act-Bombay-HC-TAXSCAN.jpg "CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]")
![Dividend Income Earned on Shares are Exempted u/s 10(34), No Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Dividend-Income-Dividend-Income-Dividend-Income-Earned-on-Shares-Tax-Liability-Tax-ITAT-Income-Tax-taxscan-.jpg "Dividend Income Earned on Shares are Exempted u/s 10(34), No Tax Liability: ITAT [Read Order]")
![NFAC bound to Follow CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC bound to Follow CBDT Circular: ITAT [Read Order]")
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...
![Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-Circular-Holding-of-Jewellery-Ceiling-on-Holding-of-Jewellery-Jewellery-Minor-Son-Daughter-ITAT-taxscan.jpg "Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]")
![Revisional Order passed without DIN is violative of CBDT Circular, Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Revisional-Order-passed-without-DIN-is-violative-of-CBDT-Circular-Invalid-ITAT-TAXSCAN.jpg "Revisional Order passed without DIN is violative of CBDT Circular, Invalid: ITAT [Read Order]")
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...
![Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/profit-Trading-Manufacturing-Diamonds-CBDT-Circular-ITAT-taxscan.jpg "Addition on profit to the extent of 6% in Trading & Manufacturing of Diamonds is acceptable as per CBDT Circular: ITAT [Read Order]")
Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that a revision order passed under section 263 of the Income Tax Act, 1961 without mentioning the DIN number is invalid and...
![Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tata-Medical-Centre-Trust-Revision-Order-DIN-Void-Ab-Initio-ITAT-taxscan.jpeg "Relief to Tata Medical Centre Trust: Revision Order without mentioning DIN is Void Ab-Initio, rules ITAT [Read Order]")
CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a Circular in relation to a circular authorizing the Commissioners of Income-tax to admit applications of condonation of delay in filing Form No....
![CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Circular-Condonation-of-Delay-taxscan.jpg "CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]")
Exception to CBDT Circular specifying Monetary Limit for filing Appeal not Applicable to Cases relating to Information received from Investigation Wing of Dept: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that exception to the Central Board of Direct Taxes (CBDT) circular specifying monetary limit for filing appeals not applicable to...
![Exception to CBDT Circular specifying Monetary Limit for filing Appeal not Applicable to Cases relating to Information received from Investigation Wing of Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Mumbai-CBDT-Circular-Appeal-Cases-Information-Investigation-Wing-Dept-ITAT-taxscan.jpeg "Exception to CBDT Circular specifying Monetary Limit for filing Appeal not Applicable to Cases relating to Information received from Investigation Wing of Dept: ITAT [Read Order]")