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Income Tax Officer

CBDT notifies Faceless Penalty Scheme, 2021 [Read Notification]

The Central Board of Direct Taxes (CBDT), on Wednesday introduced the Faceless Penalty Scheme 2021 which will digitise issuing of penalties on...

Order cannot be termed as “erroneous” unless it is not in accordance with Law: ITAT [Read Order]

ITAT rescues NRI holding $3 Million in his Swiss Account [Read Order]

Bangalore Sessions Court convicts a Company MD for TDS Default [Read Order]

Non-Compete Fees paid to Employees not Taxable as per Indo-USA Tax Treaty: Karnataka HC [Read...

Disallowance under section 40A(3) – Whether Automatic?

Introduction Section 40A of the Income Tax Act, 1961 was inserted by the Finance Act, 1968 w.e.f. 01st April 1968 provides for disallowance of expenses or payments not deductible in certain...

Assessment without giving Notice is bad in Law: ITAT

The Income Tax Appellate Tribunal (ITAT) held that assessment framed by the Income Tax Officer (ITO) without giving notice is bad in law. The assessee filed the return of income for the assessment...

PILCOM liable to pay TDS on Payments made to Foreign Sports Associations during ICC World Cup: SC [Read Judgment]

The Supreme Court has held that the payment made to the Non-Resident Sports Association is deemed to accrued or arisen in India so was liable to deduct Tax at Source in terms of Section 194E of the...

Wrong Assumption of Facts or Incorrect Application of Law would make the order liable for Revision: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) held that the wrong assumption of facts or incorrect application of the law would make the order liable for revision under section 263 of Income Tax Act, 1961....

CBI Court sentences Four Years Rigorous Imprisonment to Then Income Tax Officer in Bribery Case

The Special Judge, CBI bribery Cases, Chandigarh has sentenced Shri Rakesh Jain, then Income Tax Officer, Ward No. 3(2), Chandigarh to undergo four years Rigorous Imprisonment with fine of Rs. 5 lakh...

CBDT to Felicitate Outstanding Work of Income Tax Officers in E-Assessment [Read Circular]

The Central Board of Direct Taxes (CBDT), in order to appreciate and encourage the outstanding work of the Income Tax Officers or officials in e-assessment, Central Board of Direct Taxes (CBDT) will...

ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]

In a significant ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has imposed a penalty of Rs. 5000 on an assessee on the grounds of a delay of 358 days in filing appeal and...

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