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Cash Transaction Limits under Income Tax Law
After the implementation of demonetization, the Government and the Income Tax Department favoured the use of bank transfers in place of cash...
![Value of Medical Treatment Including Covid Treatment provided to Employee Not Perquisite, No TDS: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/12/Medical-Treatment-Covid-Treatment-Employee-Perquisite-TDS-CBDT-taxscan.jpg "Value of Medical Treatment Including Covid Treatment provided to Employee Not Perquisite, No TDS: CBDT [Read Circular]")
![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]")
![Amendments in Income Tax Act under Finance Act 2021 do not affect notices issued prior to April 1st, 2021: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Amendments-in-Income-Tax-Act-under-Finance-Act-2021-notices-issued-prior-Orissa-HC-TAXSCAN.jpg "Amendments in Income Tax Act under Finance Act 2021 do not affect notices issued prior to April 1st, 2021: Orissa HC [Read Order]")
![CBDT Notifies Income Tax Exemption to FIFA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-Notifies-Income-Tax-Exemption-to-FIFA-TAXSCAN.jpg "CBDT Notifies Income Tax Exemption to FIFA [Read Notification]")
Issue of Re-Assessment Notice in Person and not in Faceless Manner: Gujarat HC Stays Proceedings [Read Order]
A division bench of the Gujarat High Court, while considering a writ petition challenging the issue of re-assessment notice under section 148 of the Income Tax Act, 1961 issued in person not in...
![Issue of Re-Assessment Notice in Person and not in Faceless Manner: Gujarat HC Stays Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Re-Assessment-Notice-Faceless-Manner-Gujarat-HC-Proceedings-taxscan.jpg "Issue of Re-Assessment Notice in Person and not in Faceless Manner: Gujarat HC Stays Proceedings [Read Order]")
Certain Banks No longer available on NSDL portal for Tax Payments: Know How It is Beneficial to Taxpayers
With the new facility enabled by the income tax e-filing portal started allowing payment of taxes through the service of e-Pay Tax window on the portal itself, the customers of specific banks that...
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]")
![Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-deposited-Demonetization-ITAT-Assessment-CBDT-guidelines-TAXSCAN.jpg "Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]")
![Krea University Eligible for Income Tax Deduction u/s 35(1): CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/Krea-University-Eligible-Income-Tax-Deduction-CBDT-TAXSCAN.jpg "Krea University Eligible for Income Tax Deduction u/s 35(1): CBDT [Read Notification]")
