![CBDT issues Order for Specifying Scope of Faceless Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Specifying-Scope-of-Faceless-Assessment-Taxscan.jpg "CBDT issues Order for Specifying Scope of Faceless Assessment [Read Order]")
CBDT issues Order for Specifying Scope of Faceless Assessment [Read Order]
The CBDT issued Order vide F. No. 187/3/2020-ITA-1 dated March 17, 2022 under section 144B(2) of Income Tax Act, 1961 for specifying...
![CBDT issues Circular for condoning Delay in filing Form 10-IC for Domestic Companies paying Tax at Concessional Rate [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Circular-for-condoning-Delay-filing-Form-10-IC-Domestic-Companies-paying-Tax-Concessional-Rate-Taxscan.jpeg "CBDT issues Circular for condoning Delay in filing Form 10-IC for Domestic Companies paying Tax at Concessional Rate [Read Circular]")
![Income Tax: CBDT relaxes Electronic filing of Application in Form No. 3CF [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Form-Requirements-Electronic-filing-of-Application-Form-No.-3CF.jpg "Income Tax: CBDT relaxes Electronic filing of Application in Form No. 3CF [Read Circular]")
![CBDT releases Detailed Circular regarding TDS and Income Tax Deduction on Salaries for AY 2021-22 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/03/CBDT-Detailed-Circular-TDS-Income-Tax-Deduction-Income-tax-Salaries-AY-2021-22-Taxscan.jpg "CBDT releases Detailed Circular regarding TDS and Income Tax Deduction on Salaries for AY 2021-22 [Read Circular]")
![Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Department-Annual-Information-Statement-AIS-handbook-handbook-income-tax-Taxscan.jpg "Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]")
No TDS Liability on Holding Company on the Share Purchase Transaction by its Subsidiary: Bombay HC [Read Order]
The Bombay High Court has held that even the holding company is not liable to deduct tax at source under Section 195 of the Income Tax Act, 1961 if it did not make any payment to a non-resident under...
![No TDS Liability on Holding Company on the Share Purchase Transaction by its Subsidiary: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/TDS-Liability-Holding-Company-Share-Purchase-Transaction-Subsidiary-Bombay-High-Court-Taxscan.jpeg "No TDS Liability on Holding Company on the Share Purchase Transaction by its Subsidiary: Bombay HC [Read Order]")
Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded from Faceless Penalty Scheme: CBDT [Read Order]
The Central Board of Direct Tax ( CBDT ) has said that, Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded...
![Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded from Faceless Penalty Scheme: CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-ITBA-PAN-Faceless-Penalty-Scheme-CBDT-taxscan.jpg "Penalty proceedings in cases where pendency could not be created on ITBA because of technical reasons or cases not having a PAN to be excluded from Faceless Penalty Scheme: CBDT [Read Order]")
Specifying the 'Reasons to Believe' mandatory for Re-Assessment: Bombay HC lays Down Guidelines to be 'Strictly Followed' by Income Tax Dept [Read Judgment]
The Bombay High Court has heavily criticized the Income Tax Department for not being transparent with taxpayers in sharing the requested information basis of reopening action. The division bench...
![Specifying the Reasons to Believe mandatory for Re-Assessment: Bombay HC lays Down Guidelines to be Strictly Followed by Income Tax Dept [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Reasons-to-Believe-Income-Tax-Re-Assessment-Bombay-Highcourt-Guidelines-Strictly-Followed-IT-Dept-Taxscan.jpeg "Specifying the Reasons to Believe mandatory for Re-Assessment: Bombay HC lays Down Guidelines to be Strictly Followed by Income Tax Dept [Read Judgment]")
No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]
The Supreme Court has held that no Income Tax Deduction is payable on Pharmaceutical Companies gifting freebies to doctors. The Central Board of Direct Taxes (CBDT) issued a circular5, which...
![No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Income-Tax-Deduction-Pharmaceutical-Companies-gifting-freebies-to-doctors-SC.jpg "No Income Tax Deduction payable on Pharmaceutical Companies gifting Freebies to Doctors: Supreme Court [Read Judgment]")
No Retrospective Effect of CBDT Circular, requiring separate notification by Govt for Importing the benefit of MFN into DTAA: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that No Retrospective effect of Central Board of Direct Taxes (CBDT) Circular, requiring separate notification by Government for...
![No Retrospective Effect of CBDT Circular, requiring separate notification by Govt for Importing the benefit of MFN into DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Retrospective-Effect-CBDT-Government-importing-MFN-DTAA-ITAT-taxscan.jpg "No Retrospective Effect of CBDT Circular, requiring separate notification by Govt for Importing the benefit of MFN into DTAA: ITAT [Read Order]")