Income Tax Department to Notify New Income Tax Return Form within Two Weeks
The Finance Ministry is likely to notify the new income tax return forms for the AY 2016-17 by the first week of April which will be almost similar to...
![Tax panel suggests 6% equalisation levy on specified digital services; Report examines the Business Models for E-Commerce [DOWNLOAD REPORT]](https://www.taxscan.in/wp-content/uploads/2016/03/e-commerce.jpg "Tax panel suggests 6% equalisation levy on specified digital services; Report examines the Business Models for E-Commerce [DOWNLOAD REPORT]")
Notice issuing for reassessment under Section 148 of the Income Tax Act should be Clear, Lucid and Unambiguous; Delhi HC [DOWNLOAD JUDGMENT]
The Delhi High Court in a recent judgment had quashed a notice issued by Income Tax Officer under section 148 of the Income Tax Act, 1961. The Court was hearing two sets of writ petitions filed by...
RBI gives strict guidelines to account Tax collected by banks at end of March, 2016 for the FY 2015-16 [Read Letter]
The Reserve Bank of India has issued guidelines to ensure that tax collected by banks at the end of March 2016 is accounted for the Financial year 2015-16. In a letter by Deputy General Manager of...
“The Reasons for Reopening of an Assessment, have to be Confined in the Impugned Order rather than Improving by Filing Subsequent Affidavits”: Delhi HC [DOWNLOAD JUDGMENT]
The Delhi High Court on 22.02.2016 has quashed the notice issued by the DCIT enclosing the reasons for reopening the assessment made against the petitioners, M/s Munjal Showa. M/s Munjal Showa is a...
“Issuance of Notice under Rule 19 of the ITAT Rules, 1961 itself does not make the Appeal Admissible”; ITAT, Delhi Bench [DOWNLOAD ORDER]
The Income Tax Appellate Tribunal, Delhi Bench, in the case Winspir Communication v. ACIT held that the issuance of notice under Rule 19 of the ITAT Rules, 1961 itself does not make the appeal...
