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Income Tax Notifications, Circulars, Order for the Month  of October 2019

a. Circular

1. Circular no. 29/2019 dated 2nd October 2019Clarifications in respect of option exercised under section 115BAA (related to lower rate of 22%) inserted through The Taxation Laws (Amendment) Ordinance, 2019related to allowability of brought forward loss on account of additional depreciation; and allowability of brought forward MAT credit.

B. Notifications

1. Notification No. 77/2019 dated 3rd October 2019

Central Board of Direct Taxes hereby directs that the Income-tax Authority of Regional e-Assessment Centre (read as ReAC) hall exercise the powers and functions of the Assessing Officer concurrently to facilitate the conduct of e-assessment proceedings

2. Notification No. 78/2019 dated 9th October, 2019

Central Government notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’, a Board constituted by the Government of Kerala, u/s 10(46) in respect of specified income.

3. Notification No. 79/2019 dated 11th October, 2019

Central Government designates Special Court in the State of Karnataka u/s 280A(1)

4. Notification No. 80/2019 dated 15th October, 2019

CBDT exempts cash withdrawal by the authorised dealer and its franchise agent and sub-agent; and Full-Fledged Money Changer (FFMC) licensed by the Reserve Bank of India and its franchise agent from TDS under Section 194N (TDS on cash withdrawals) subject to conditions

5. Notification No. 81/2019 dated 21st October, 2019

CBDT notifies Corrigendum to Income Tax Notification No. 48/2018 dated 14/09/2018– (related to notifying Gujarat Water Supply and Sewerage Board’, Gandhinagar, a Board constituted by Government of Gujarat, under section 10(46)) – For “Grant received from state government” read “Grant received from Government, Local Bodies and Other Government Agencies”

6. Notification No. 83/2019 dated 21st October, 2019

Central Government notifies IDFC Infrastructure Finance Limited as an infrastructure debt fund for the assessment year 2020-21 and subsequent assessment years

7. Notification no. 84/2019 dated 22nd October 19

Agreement between the Government of the Republic of India and the Government of the Kingdom of Morocco for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes

c. Order and Other Official Rleases

1. Order no. F No. 187/7/2019-ITA-I dated 3rd October 2019

CBDT sets up ReACs under the e-assessment Scheme 2019

2. FTS- 1275045/2019 dated 18th October 2019

CBDT invites application for prescribing eligible electronic payment mode u/s 269SU (provides that every person having a business turnover of more than Rs 50 Crore shall mandatorily provide facilities for accepting payments through prescribed electronic modes)

3. Order No. F.No. 225/306/2019-ITA-II dated 31.10.2019– under Section 119 of the Income-tax Act, 1961.

Extension of due date for filing of Income-tax Returns (ITR)/Tax Audit Reports (TAR) to 30th November, 2019 in respect of Union Territory of Jammu and Kashmir and Union Territory of Ladakh.


1. M/s Goodyear India Ltd. Vs CIT (Supreme Court)-16/10/2019

Letters in refutal of allegations contained in news items cannot be treated as admission of non- disclosure

2. M/s JDC Traders Pvt. Ltd. Vs DCIT (ITAT Delhi)- 11/10/2019

After conclusion of proceeding u/s 147, AO cannot take aid of Exp 3 to section 147 to make any addition

3. Volvo Group India Pvt. Ltd Vs DCIT (ITAT Bangalore)- 14/10/2019

Term “Recovery” includes adjustment thereby reducing demand

Information Source- Various internet websites including Income tax website, dailyhunt, Deloitte,,  related links and various notifications, circulars, orders, press releases etc.

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CA Rubneet Anand B.Com, M.Com(Finance& Taxation), MBA(Finance & International Business- IMT Ghaziabad) Deputy Manager (Internal Audit & Indirect Taxation)-M/s SML Isuzu Ltd Facebook Page- Corporate Prism-Consultation in Accounting & Corporate Managemen View Full Profile

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