![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]")
Income Tax Department issues Annual Information Statement (AIS) Handbook [Read Handbook]
The Directorate of Income Tax (Systems) has issued an Annual Information Statement (AIS) Handbook to develop a common and shared understanding...
![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]](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]")
Most Glitches in Income Tax E-Portal are fixed, No Interest relief will be provided to Late Filers, CBDT to Gujarat High Court
The Central Board of Direct Taxes (CBDT) has informed the Gujarat High Court that most glitches in Income Tax e-portal are fixed, no interest relief will be provided to late filers. The tax...
CBDT issues Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers [Read Guidelines]
The Income Tax Department has issued the Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers. In accordance with Press release dated 20th July 2021 issued...
![CBDT issues Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers [Read Guidelines]](https://www.taxscan.in/wp-content/uploads/2022/02/Form-15CA-Form-15CB-Authorised-Dealers.jpg "CBDT issues Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers [Read Guidelines]")
Taxpayers permitted to file only one Updated Income Tax Return for an Assessment Year, says CBDT Chairman
The Central Board of Direct Taxes (CBDT) Chairman, J B Mohapatra has stated that the taxpayers are permitted to file only one Updated Return for an Assessment Year. The Finance Minister, Nirmala...
CBDT renames Direct Tax Regional Training Institutes as Regional Campus of National Academy of Direct Taxes [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has renamed the Direct Tax Regional Training Institutes as Regional Campus of the National Academy of Direct Taxes. All instructions and directions...
![CBDT renames Direct Tax Regional Training Institutes as Regional Campus of National Academy of Direct Taxes [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/02/CBDT-Direct-Tax-Regional-Training-Institutes-Regional-Campus-of-National-Academy-of-Direct-Taxes-Taxscan.jpg "CBDT renames Direct Tax Regional Training Institutes as Regional Campus of National Academy of Direct Taxes [Read Notification]")