TaxGuru Newsletter Subscription
Information You Can Rely On.
Income Tax - Procedure for conducting assessment proceedings through ‘E-Proceeding’s in scrutiny cases As per Instruction No. 1/2018 dated 12th February 2018 issued by CBDT, Following procedure will be apply for conducting assessment proceedings through ‘E-Proceeding’s in scrutiny cases:- Enquiry before assessment in electronic mode Notice...
Read MoreIncome Tax - Documentation can play a pivotal role in ensuring correct tax impact. It reduces great amount of time and energy of the company, advisors, auditors and most importantly the judiciary system....
Read MoreIncome Tax - Jurisdiction Jurisdiction means power or legal authority. The word jurisdiction is derived from Latin terms Juris and dicto which means I speak by the law. Jurisdiction generally describes any authority over a certain area or certain persons. It is an authority granted to a formally constituted legal body to deal with and make pronounceme...
Read MoreIncome Tax - CBDT has issued Instruction No. 5/2017 dated 7th July 2017 by which it has laid down the procedure and criteria for compulsory manual selection of returns/cases requiring scrutiny during the financial-year 2017-2018. ...
Read MoreIncome Tax - In 2006, the Indian Government introduced electronic filing of Income-tax returns for the first time in case of corporates which subsequently made mandatory for all tax payers. Since then there is constant digitization of processing of tax returns....
Read MoreIncome Tax - Paperless assessment/ e-mail based assessment on a pilot basis was commenced in the financial year 2015-16 in non-corporate charges of five cities i.e. Ahmedabad, Bangalore, Chennai, Delhi and Mumbai. The e-mail based assessment scheme has now been extended to two more cities, namely Hyderabad and Kolkata during the current financial year...
Read MoreIncome Tax - Taking another step in this direction, Central Board of Direct Taxes (CBDT) has issued instructions to the assessing officers to be specific in enquires made in the case of tax payers whose returns are under scrutiny. The directions are comprehensive and cover cases selected through Computer Aided Scrutiny Selection (CASS) for limited scr...
Read MoreIncome Tax - The Central Board of Excise and Customs had issued detailed guidelines in 2009 to its field formations on conducting detailed manual scrutiny of service tax returns. In view of the legal changes brought about by the Negative List based taxation of services and administrative changes like creation of separate Commissionrates for Audit etc,...
Read MoreIncome Tax - Though less that 1% of returns filed are selected for scrutiny, this area of work has often drawn adversarial comments. Supervisory officers, have been directed to play a more pro-active role in monitoring and guiding assessments towards ensuring that high-pitched assessments without proper basis are not made and that lengthy questionnai...
Read MoreIncome Tax - We have attached a file in excel format. The file contains the format of various details which normally assessing officer asks Assessee to furnish during Scrutiny Assessment U/s. 143(3) of the Income Tax Act, 1961. We have attached the format of following details :-...
Read MoreCameron (Singapore) Pte. Ltd. Vs. Asst. DIT (ITAT Jaipur) - No scrutiny proceedings can be initiated if notice under section 143(2) is not received by assessee within the prescribed period....
Read MoreJcb India Ltd. Vs. DCIT & Anr (Delhi High Court) - High Court held that The failure by the AO to adhere to the mandatory requirement of Section 144C (1) of the Act and first pass a draft assessment order would result in invalidation of the final assessment order and the consequent demand notices and penalty proceedings....
Read MoreCameron (Singapore) Pte Ltd Vs. ADIT (International Taxation) (ITAT Jaipur) - According to section 143(2) of the Income Tax Act, 1961(for short the Act), where a return has been furnished under section 139 of the Act, or in response to a notice under section 142(1) of the Act, the Assessing Officer(AO) or the prescribed income-tax authority, as the case may be, if, considers ...
Read MoreCIT Vs Vivek Aggarwal (Delhi High Court) - CIT (A) appeal as well as ITAT examined the document relied upon the revenue for making addition. It was found that the document was not addressed to anyone and without any signature and date. In such situation it can be said that it belong to assessee. ...
Read MoreJoginder Pal Gulati Vs The Officer On Special Duty (ITA II) Cum CPIO and ANR (Delhi High Court) - In so far as the impugned order is concerned, there is nothing stated in the operative part which would seem to indicate that the CIC has come to the conclusion which it has, is based on the fact that, the economic interest of the country, will get effected. The CIC, in the operative part has merely...
Read MoreF.No. System/ITBA/CASSlDefective returns/17 -18/ - (12/12/2017) - During CASS Cycle 2016, some of the returns of income which earlier were treated as defective as per provision of section 139(9) of Income Tax Act, 1961 (‘Act’) either for the reason that the taxes as per the return were not paid or for any other reason specified therein were also selected for s...
Read MoreF.No. DGIT(Vig.)/HQ/SI/2017-18 - (30/11/2017) - It was found that no reasons had been recorded for expanding the scope of limited scrutiny, no approval was taken from the PCIT for conversion of the limited scrutiny case to a complete scrutiny case and the order sheet was maintained very perfunctorily. This gave rise to a very strong suspicion of ...
Read MoreInstruction No. 05/2017-Income Tax - (07/07/2017) - CBDT hereby lays down the following procedure and criteria for compulsory manual selection of returns/cases requiring scrutiny during the financial-year 2017-2018:-...
Read MoreFTS-300315894/2016 - (19/12/2016) - Constitution of Committee to give recommendations regarding how to make effective assessment through the use of departmental database/ e-system-reg....
Read MoreF. No. 225/246/2014-ITA-11 - (15/11/2016) - Reconstitution of Committee to study the feasibility of the recommendations regarding Group Assessment and System of Peer Review Before Assessment...
Read More
F.No. System/ITBA/CASSlDefective returns/17 -18/ - (12/12/2017) -
Cameron (Singapore) Pte. Ltd. Vs. Asst. DIT (ITAT Jaipur) -
F.No. DGIT(Vig.)/HQ/SI/2017-18 - (30/11/2017) -
Jcb India Ltd. Vs. DCIT & Anr (Delhi High Court) -
Cameron (Singapore) Pte Ltd Vs. ADIT (International Taxation) (ITAT Jaipur) -
Circular No. MIRSD/DPS III//Cir-11/07-SEBI - (06/08/2007) -
Instruction No. 05/2017-Income Tax - (07/07/2017) -
