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Income Tax - This write-up is all about the key amendments introduced by the Hon’ble CBDT vide Notification No. 60 dated 13.08.2020 and Notification No. 61 dated 13.08.2020 modifying the earlier ‘E-assessment Scheme, 2019’ notified on 12.09.2019 and highlights of scheme....
Read MoreIncome Tax - Article covers 5 Issues In Income Tax Search & Seizure Operations which includes Issues In Income Tax Search & Seizure Operations Search Assessment 1. Where the Assessing Officer of the Searched and Other Person Is Same 2. Whether the Assessee Can Lodge the New Claims, Claim Deductions and claim Reliefs 3. Whether Notice Under S...
Read MoreIncome Tax - Introduction: The provisions of assessment in the case of search u/s. 153A etc. have been inserted by the Finance Act, 2003 with effect from 01.06.2003. These provisions are successor of the special procedure for assessment of search cases under Chapter XIV-B starting with section 158B. Whereas Chapter XIV-B required the assessment of “...
Read MoreIncome Tax - This article is covering in depth knowledge of various types of Jurisdictions, Various types of Assessments under Income Tax Act, 1961 and details of new system i.e. Jurisdiction-Free Assessment which was introduced from 2016. Jurisdiction is prescribed under Section 124 of the Income-tax Act, 1961 and assessment includes Summary assessme...
Read MoreIncome Tax - Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished by filing up his return of income. Once the return of income is filed up by the taxpayer, the next step is the processing of the return of income by the Income Tax Department. The […]...
Read MoreACIT Vs Mapsa Tapes (P) Ltd. (ITAT Delhi) - whether Assessment year in respect of proceedings u/s 153C of the Act to be same 6 years in the case of other person, for which the proceedings u/s 153A is initiated in the case of connected searched person?...
Read MoreDCIT Vs Mapsa Infra (P) Ltd. (ITAT Delhi) - The issue under consideration is whether Assessemnt order u/s 153C issued in the name of Amalgamated Company will be considered as valid?...
Read MoreShri Amit Arora Vs ACIT (ITAT Delhi) - The issue under consideration is whether the assessment u/s 153A can be considered as valid even if no incriminating material found during the course of search?...
Read MoreSarva Priya Holdings Pvt. Ltd. Vs DCIT (ITAT Kolkata) - The issue under consideration is whether the addition made by AO u/s 68 by considering the share application money received by assessee as unexplained cash credit is justified in law?...
Read MoreS.P.S. Ahluwalia Vs ACIT (ITAT Delhi) - The issue under consideration is whether the issue of notice u/s 153C instead of section 153A is considered as valid assessment or not?...
Read MoreTBA - Assessment Instruction No. 12 - (12/09/2019) - Availability of Miscellaneous Functionalities related to ‘Selection of Case of Search Year’ and ‘Relevant Search Years’ in Assessment module of Income Tax Business Application (ITBA)- reg. ITBA – Assessment Instruction No. 12 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Cente...
Read MoreACIT Vs Mapsa Tapes (P) Ltd. (ITAT Delhi) -
DCIT Vs Mapsa Infra (P) Ltd. (ITAT Delhi) -
Shri Amit Arora Vs ACIT (ITAT Delhi) -
Sarva Priya Holdings Pvt. Ltd. Vs DCIT (ITAT Kolkata) -
S.P.S. Ahluwalia Vs ACIT (ITAT Delhi) -
Shri Jagjit Singh Vs ACIT (ITAT Delhi) -
Lalji Khimjibhai Patel Vs ACIT (ITAT Rajkot) -
Dr. Subash Chandra Jena Vs ACIT (ITAT Cuttack) -
Bina Aggarwal Vs ACIT (ITAT Delhi) -
