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Income Tax - CBDT through its notification no. 84/2009 dated 20.11.2009 formed Dispute Resolution Panel (DRP). Assessee whose case, there is variation in the income or loss returned which is arises as a consequence of the order of the Transfer Pricing Officer (TPO) passed under 92CA(3) or any foreign company. ...
Read MoreIncome Tax - CBDT has issued instruction dated 12th February 2018 to conduct assessment proceedings in scrutiny cases electronically, saying that except for search-related assessments, proceedings in other pending scrutiny assessment cases shall be conducted only through the E-proceeding functionality in ITBA/e-filing....
Read MoreIncome 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 - Income Tax Department has accepted 99.65 per cent of tax returns as it is and has picked only 0.35 per cent cases for detailed scrutiny thereby showcasing full faith in the taxpayers, chairman of the Central Board of Direct Taxes (CBDT), Mr Sushil Chandra said at an ASSOCHAM event held in New Delhi today....
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 MoreSuresh Jugraj Mutha Vs Addl. CIT (ITAT Pune) - Suresh Jugraj Mutha Vs Addl.CIT (ITAT Pune) Conclusion: It is outside the jurisdiction of AO converting the limited scrutiny case like the present one to the unlimited one without the approval of Administrative Commissioner of Income Tax. Facts – Assessee filed the return and the case was taken up...
Read MoreBrothers & Sisters Enterprise Vs JCIT (ITAT Kolkata) - When the CIT is satisfied with the reasons given by the Assessing Officer, he in not once again give separate reasons or repeat the reasons recorded by the Assessing Officer and then give his approval for the same....
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 MoreF.No. System/ITBA/Assessment - (31/12/2018) - We are in the final phase of completion of the time barring work u/s 143(3), 147, 153 A/C before the midnight of 31st Dec 2018. Please find attached the latest position in MIS as available on system. At this critical juncture it is pertinent to draw attention to some critical tasks which must be com...
Read MoreD.O. F.No. 225/410/2018/ITA.II - (29/11/2018) - Assessing Officers should be sensitized to that fact that they should stagger their E-assessment related workload so that all assessments get uploaded by 25th of December, 2018 and no ticket is raised after the said date....
Read MoreF. No. 225/402/2018/ITA.II - (28/11/2018) - i. The Assessing Officer shall duly record the reasons for expanding the scope of 'Limited Scrutiny' to the extent mentioned in para 2 and 3, above; ii. The same shall be placed before the Pr. CIT/CIT concerned and upon his approval, further issue can be considered during the assessment proceeding;...
Read MoreF.No. Pr. DGIT(Systems(/ADG(S)-4/E-Assessment/2017-18 - (17/09/2018) - As per the list provided by Directorate Of Income Tax (Systems) 167 Income Tax buildings across the couyntry have limited bandwidth and rest of the buildings are ready for Income Tax e-assessment proceedings....
Read MoreInstruction No. 04/2018 - (20/08/2018) - CBDT has released parameters for manual selection of Income Tax Returns for Complete Income Tax Scrutiny during financial year 2018-19 vide Instruction No. 04/2018 Dated: 20th August 2018....
Read MoreSuresh Jugraj Mutha Vs Addl. CIT (ITAT Pune) -
F.No. System/ITBA/Assessment - (31/12/2018) -
D.O. F.No. 225/410/2018/ITA.II - (29/11/2018) -
F. No. 225/402/2018/ITA.II - (28/11/2018) -
F.No. Pr. DGIT(Systems(/ADG(S)-4/E-Assessment/2017-18 - (17/09/2018) -
Instruction No. 04/2018 - (20/08/2018) -
Instruction No. 03/2018 - (20/08/2018) -
Brothers & Sisters Enterprise Vs JCIT (ITAT Kolkata) -
