CBDT signs Two More Advance Pricing Agreements; Total number of APAs reaches 117
The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements (APAs) today. The...
![CBDT issues Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "CBDT issues Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 [Read Circular]")
![CBDT issues Circular Clarifying provisions relating to Indirect Transfers [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan.jpg "CBDT issues Circular Clarifying provisions relating to Indirect Transfers [Read Circular]")
Government takes various measures to raise India’s Ranking in ‘Ease of Doing Business’ to Top 50 in the world
Government of India in its efforts to improve the business climate of the country and also improve country’s ranking in the World Bank’s report on Ease of Doing Business; held a meeting yesterday...
AO is bound to give notice and Speaking Order before referring a matter to the TPO: Gujarat HC [Read Judgment]
In a recent decision, the division bench of the Gujarat High Court held that the Assessing Officer is liable to issue a Show Cause Notice and a speaking Order before referring a case to the Transfer...
Income Tax Dept. warns assesses against revising I-T return forms & making ‘drastic changes’ in income Post Demonetisation
Manipulation of income, profit, books of accounts may invite scrutiny and lead to penalty and prosecution, says CBDT. In a statement issued today, the Central Board of Direct Taxes (CBDT)...
Revised Return filed by the Assessee on the basis of the CBDT circular cannot hit by Limitation: Madras HC [Read Judgment]
The single bench of the Madras High Court, in a recent decision held that the rvised return filed by the assessee on the basis of the Apex Court decision which was subsequently given effect by the...
![Revised Return filed by the Assessee on the basis of the CBDT circular cannot hit by Limitation: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Revised Return filed by the Assessee on the basis of the CBDT circular cannot hit by Limitation: Madras HC [Read Judgment]")
Increase in Turnover due to use of Digital Mode of Payment Post Demonetisation is not a ground for Re-Assessment: CBDT [Read Circular]
The Central board of Direct Taxes (CBDT) recently directed its officials to avid re-opening of past assessment merely invoking the increase in turnover due to use of digital mode of payment post...