Income Tax Department must not take advantage of ignorance of an assessee : CBDT Circular Circular :No. 14(XL-35), dated 11-4-1955. Administrative instructions for guidance of Income-tax Officers on matters pertaining to assessment 1. The Board have issued instructions from time to time in regard to the attitude which the Officers of the Department should adopt in… Read More »
Form no 12BBA Income Tax Forms Form no. 12BBA (see rule 26D) Declaration to be furnished by Specified Senior Citizen under sub-clause (iii) of clause (b) of Explanation to section 194P (1) Name and address of the person : (2) PAN or Aadhaar : (3) Previous Year : (4) Date of Birth : (5) Name… Read More »
The assessee has not adduced any evidence that drawings made by the Directors through their personal credit card are in fact, incurred for the purpose of business of the company. HIGH COURT OF KARNATAKA Swan Silk (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle-12(3), Bengaluru ALOK ARADHE AND HEMANT CHANDANGOUDAR, JJ. IT APPEAL NO. 1033 OF 2017… Read More »
HIGH COURT OF DELHI Harbux Singh Sidhu v. Department of Income-tax MANMOHAN AND NAVIN CHAWLA, JJ. W.P.(C) NO. 6683 OF 2021 JULY 19, 2021 Aakash Khattar and Gaurav Gupta, Advs. for the Peitioner. Ms. Vibhooti Malhotra, Sr. Standing Counsel, Virender Pratap Singh Charak, Ms. Shubhra Parashar and Pushpender Singh Charak, Advs. for the Respondent. JUDGMENT Manmohan, J – The petition has been heard by way of video… Read More »
Notice issued under Section 148 under old provisions of income tax after 31.03.2021 is valid High Court held as under 130 Taxheal.com 44 As per Finance Act 2021 , Notice can be issued under Section 148A w.e.f 01.04.2021. But notice was issued under Section 148 old provisions on 30.06.2021. The pandemic and lock down prevailed… Read More »