![No Notice of Reassessment can be issued after 4 years of Assessment, If assessee fully and truly discloses all information: Bombay HC grants relief to SBI [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/SBI-Taxscan.jpg "No Notice of Reassessment can be issued after 4 years of Assessment, If assessee fully and truly discloses all information: Bombay HC grants relief to SBI [Read Judgment]")
No Notice of Reassessment can be issued after 4 years of Assessment, If assessee fully and truly discloses all information: Bombay HC grants relief to SBI [Read Judgment]
The Bombay High court while quashing the notices issued under Section 148 of the Income Tax Act to State Bank of India (SBI) held that no notice of...
![CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]](https://www.taxscan.in/wp-content/uploads/2020/09/CAG-CBDT-Taxscan.jpg "CAG Audit Report recommends CBDT to introduce a Time Limit for Issuing Notices [Read Report]")
![CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/09/CBDT-compulsory-selection-complete-scrutiny-faceless-assessment-Taxscan.jpg "CBDT lays out Guidelines for Compulsory Selection of Returns for Complete Scrutiny under Faceless Assessment for FY 2020-21 [Read Circular]")
Relief to EY: ITAT allows Deduction under Section 10AA on Incremental Income arisen pursuant to APA [Read Order]
In a relief to EY, the Income Tax Appellate Tribunal (ITAT) Bangalore Bench allowed a deduction under Section 10AA on incremental income arising pursuant to arm’s length price (APA) as per modified...
![Relief to EY: ITAT allows Deduction under Section 10AA on Incremental Income arisen pursuant to APA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-APA-EY-Taxscan.jpg "Relief to EY: ITAT allows Deduction under Section 10AA on Incremental Income arisen pursuant to APA [Read Order]")
CBDT specifies 'Scheduled Commercial Banks' for disclosure of Information respecting assesses [Read Notification]
The Central Board Direct Taxes (CBDT) on Monday specifies “Scheduled Commercial Banks” for disclosure of information respecting assessees under Section 138(1)(a)(i) of the Income Tax Act, 1961. ...
![CBDT specifies Scheduled Commercial Banks for disclosure of Information respecting assesses [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/CBDT-Scheduled-Commercial-Banks-assessees-Information-Sharing-Taxscan.jpg "CBDT specifies Scheduled Commercial Banks for disclosure of Information respecting assesses [Read Notification]")
![CBDT directs Banks to Refund charges collected after Jan 1 on E-Transactions [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/CBDT-Banks-Refund-E-Transactions-Taxscan.jpg "CBDT directs Banks to Refund charges collected after Jan 1 on E-Transactions [Read Circular]")
Central Processing Centre- TDS Wing is part of Income Tax Dept, not an ‘External Law Enforcement Agency’ for the purpose of CBDT Circular: ITAT
While dismissing two departmental appeals, the Income Tax Appellate Tribunal (ITAT), Jaipur has held that the Central Processing Centre- TDS Wing of the income tax department, being a part of the...
![CBDT issues conditions for Pension Funds to avail Income Tax Exemptions [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/08/CBDT-Income-Tax-Taxscan-1.jpg "CBDT issues conditions for Pension Funds to avail Income Tax Exemptions [Read Notification]")
