Read all Latest Updates on and about income tax dept

Top

Begin typing your search above and press return to search.

Home
»
income tax dept

Income Tax Dept cannot Rely on Press Notes to Determine Arm's Length Price of Sales for Payment of Royalty: ITAT [Read Order]

Namaskar Acharya

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the lower authorities i.e., income tax authorities was not correct in...

Assessment Completed, issue resolved and Affirmed by SC: Delhi HC dismisses Appeal of Income Tax...

Mere Suspicion Not Enough for Income Tax Dept to make Additions to Taxpayer's Income: ITAT [Read...

Avoid Sharing PAN and Personal Details on Social Media to Avoid Misuse: Income Tax Dept

No reason for the delay to dispose of 4 and a half-year-old Appeal: Delhi HC directs Income Tax Dept...

Failure of Income Tax Dept to dispose Revision Application u/s 264 of I-T Act within 1 year: Delhi HC directs Disposal within 8 weeks [Read Order]

In a recent ruling, a Division Bench of Delhi High Court directed the Income Tax Officers not to take any coercive steps till the disposal of the pending revision application under section 264 of...

Income Tax Dept Seizes Rupees 1 crore hidden in a Tree

One crore rupees was seized by the Income Tax Department from the residences of the brother of a political leader in Karnataka. Raids on suspects are frequently conducted by the income tax...

Income Tax Dept enables Option to Download Statement for Form 26QB Payments

The Income Tax Department has recently enabled the option to download statements of Form 26QB Payments in the Income Tax Portal. The Finance Act of 2013 introduced section 194IA applicable w.e.f....

Income Tax Dept triggers Taxpayers by Daylight Loot in PAN-Aadhar Linking Late Fee Levy

The Income Tax Department, in a final warning to taxpayers and PAN Card-holders, recently tweeted on its Official Twitter handle that, “As per Income-tax Act, 1961, it is mandatory for all PAN...

Income Tax - Income Tax Dept taxpayers - Loo - Daylight loot - PAN-Aadhar - linking - late fee - Taxscan

Income Tax Dept releases Tax Calculator as per Finance Bill 2023

The income tax department, under the apex direct tax body, the Central Board of Direct Taxes (CBDT) has released a tax calculator that can be used by taxpayers to calculate their tax liability as per...

Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that any action of the income tax department violating the instructions of the CBDT is untenable under the law. The appellant, Mrs....

Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held the income tax department cannot avail the extended time limit for re-assessment under the Income Tax Act, 1961 without new or...

Prev Page Next Page