![Income Tax: NFAC issues SoP for Faceless Assessment [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-NFAC-SoP-Faceless-Assessment-taxscan.jpeg "Income Tax: NFAC issues SoP for Faceless Assessment [Read Circular]")
Income Tax: NFAC issues SoP for Faceless Assessment [Read Circular]
The National Faceless Assessment Centre (NFAC) has issued a Standard Operating Procedure (SoP) for the Assessment Unit (AU), Verification Unit (VU),...
![Income Tax Payment Software of Dept shall be Tailor-made in accordance with the Taxpayers Requirements: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Payment-Software-accordance-Taxpayers-Delhi-HC-taxscan.jpeg "Income Tax Payment Software of Dept shall be Tailor-made in accordance with the Taxpayers Requirements: Delhi HC [Read Order]")
![CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Circular-Condonation-of-Delay-taxscan.jpg "CBDT issues Circular regarding filing of Condonation of Delay in filing Form 9A and Form 10 [Read Circular]")
![Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Claim-Income-Tax-resolution-plan-NCLT-ITAT-taxscan.jpg "Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]")
Income Tax Provisional Attachment against PC Officials Expires: Delhi HC disposes Petition requesting release of 2.5 cr [Read Order]
The Delhi High Court has recently dismissed a petition by P C Financial Services Private Limited observing that the provisional attachment order has expired. Recently, the Reserve Bank of India...
![Income Tax Provisional Attachment against PC Officials Expires: Delhi HC disposes Petition requesting release of 2.5 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Provisional-Attachment-PC-Officials-Delhi-HC-Petition-taxscan.jpg "Income Tax Provisional Attachment against PC Officials Expires: Delhi HC disposes Petition requesting release of 2.5 cr [Read Order]")
No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that branch and head office forms part of the same legal entity and can’t be taxed on interest paid by PE to General Enterprises. ...
![No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/No-Income-Tax-PE-General-Enterprises-Branch-Head-Offices-Legal-Entity-ITAT-taxscan.jpg "No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]")
Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, while following the Apex Court ruling in the case of Sarkar Builders, held that the deduction under section 80IB(10) of the Income Tax Act,...
![Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Deduction-Commercial-Establishments-ITAT-SC-Ruling-taxscan.jpg "Income Tax Deduction u/s 80IB(10) applicable to Commercial Establishments/Shops: ITAT follows SC Ruling [Read Order]")
![Calcutta HC quashes Income Tax Re-Assessment Proceedings against Dead Person [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Calcutta-HC-Income-Tax-Re-Assessment-Proceedings-Dead-Person-Taxscan.jpg "Calcutta HC quashes Income Tax Re-Assessment Proceedings against Dead Person [Read Order]")
Double Penalty for Non-Linking of PAN-Aadhaar, TDS on Cryptos: Three Major Income Tax Changes from July
1st July 2022 was a significant day for the taxpayers as some new important changes have been made in the Income Tax Act, 1961 which may affect the taxpayer’s life significantly. Non-linking of...
TDS on Virtual Digital Assets shall exclude GST: No further Deduction for Purchase of Goods, CBDT Clarifies [Read Circular]
The Central Board of Direct Taxes (CBDT) has issued a circular regarding the Tax Deduction at Source (TDS) on Virtual Digital Assets (VDA) transactions outside Exchange. Finance Act, 2022 inserted...
![TDS on Virtual Digital Assets shall exclude GST: No further Deduction for Purchase of Goods, CBDT Clarifies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/TDS-Virtual-Digital-Assets-GST-Deduction-Purchase-of-Goods-CBDT.jpeg "TDS on Virtual Digital Assets shall exclude GST: No further Deduction for Purchase of Goods, CBDT Clarifies [Read Circular]")