Income Tax - Major amendment pertaining to Due date of Filing of Belated return or Revised return Rationalisation for Reducing time to file belated return and to revise original return and its effect on other provision of Income Tax With the massive technological upgrade in the Department where the processes under the Act are moving towards becoming f...
Income Tax - Direct Taxes Professionals’ Association has made a representation to Hon’ble Finance Minister, Mrs. Nirmala Sitharaman, and requested for extending dates for filing belated and Revised IT Returns for AY 2020-21 and for furnishing Form 10A for fresh Registration under section 12AB and exemption under section 80G of the Income Tax Act, ...
Income Tax - The Central Board of Direct Taxes after considering the severe continuing COVID-19 pandemic situation in the country, vide Circular No. 9 of 2021, dated 20 May 2021, has extended the deadlines of certain compliances for the Assessment Year 2021-22...
Income Tax - In the wake of the pandemic Covid-19 and in the interest of taxpayers, the Central Board of Direct Taxes (CBDT) extended time limits for various compliances as under: 1. Statement of Financial Transactions (SFT) & Statement of Reportable Account (SRA):Due Date of SFT and SRA for the FY 2020-2021 has been extended from 31st May 2021 [...
Income Tax - सरकार द्वारा कोरोना महामारी को देखते हुए आयकर से सम्बंधित विभिन्न तिथियों को बढ़ा दिया है जिससे करदाताओ को राहत मिलेगी आयकर से सम...
Salma Ahmed Vs ITO (ITAT Chennai) - ITAT Chennai restores the matter of Salma Ahmed's capital gain deduction under section 54F to CIT(E) due to inadequate details provision by the assessee....
Kusumben Amritlal Sanghavi Vs DCIT (ITAT Rajkot) - Requirement to deposit net consideration as per Section 54F(4) not attracted if assessee has purchased a new residential house within due date specified under Section 139(4)...
ITO Vs Camellia Educare Trust (ITAT Kolkata) - ITAT Kolkata held that in respect of any adjustment proposed to be made u/s 143(1)(a), a prior intimation is required to be served on the assesse. Failure to issue such prior intimation to the assessee before making an adjustment by way of disallowing the claim of exemption u/s. 11 of the Act is unj...
Qayum Ismail Mukaddam Vs CIT (ITAT Mumbai) - Insightful analysis of the ITAT Mumbai ruling in the case of Qayum Ismail Mukaddam Vs CIT, where the applicability of changes in sec 139(4) & 139(5) by Finance Act 2016 is discussed....
Jain Shwetamber Murtipujak Sangh Vs ITO (Exemption) (ITAT Raipur) - ITAT Raipur held that exemption under section 11 of the Income Tax Act duly denied to trust as audit report in Form 10B e-filed/ uploaded beyond the date specified u/s 139 of the Income Tax Act....
Circular No. 9 of 2021 - Income Tax - (20/05/2021) - The due date of furnishing of Return of Income for the Assessment Year 2021-22, which is 31st July 2021 under sub-section (1) of section 139 of the Act, is extended to 30th September 2021; 10) The due date of furnishing of Report of Audit under any provision of the Act for the Previous Year 2020-...
Notification No. 25/2021-Income-tax [S.O. 1437(E).] - (31/03/2021) - CBDT hereby authorises the Assistant Commissioner of Income-tax/Deputy Commissioner of Income-tax (NaFAC) having her / his headquarters at Delhi, to act as the ‘Prescribed Income-tax Authority’ for the purpose of sub-section (2) of section 143 of the Act, in respect of returns furnished under se...
Salma Ahmed Vs ITO (ITAT Chennai) -
Kusumben Amritlal Sanghavi Vs DCIT (ITAT Rajkot) -
ITO Vs Camellia Educare Trust (ITAT Kolkata) -
Qayum Ismail Mukaddam Vs CIT (ITAT Mumbai) -
Jain Shwetamber Murtipujak Sangh Vs ITO (Exemption) (ITAT Raipur) -
H M V Educational Cultural & Social Trust Vs ITO (ITAT Bangalore) -
Navneet Dutta Vs ITO (ITAT Delhi) -
Satreena Consultants Pvt. Limited Vs ITO (ITAT Kolkata) -
Munish Babaji Sawant Vs ITO (ITAT Mumbai) -
Vijay Channabasav Suttatti Vs ACIT (ITAT Pune) -