Category Archives: Income Tax Office Memorandum

Income Tax Officers to notify demand due from Sick Companies

By | October 3, 2017

MISCELLANEOUS – LODGING OF TAX ARREAR CLAIMS AND IMPLEADING AS A PARTY BEFORE NCLTs LETTER [F.NO.ADDL.DIT(R)/BIFR/2017-18/8/733], DATED 20-9-2017 Kindly refer to the above captioned matter. 2. The Directorate looks after the cases of sick companies which require rehabilitation/resolution of sickness. Previously the sick companies used to move Board for Industrial and Financial Reconstruction (BIFR) under the Sick… Read More »

Pay 20% of disputed demand for Stay of Demand at CIT (A) of Income Tax :DATED 31-7-2017

By | August 3, 2017

SECTION 220 OF THE INCOME-TAX ACT, 1961 : COLLECTION AND RECOVERY OF TAX – WHEN TAX PAYABLE AND WHEN ASSESSEE DEEMED IN DEFAULT : RECOVERY OF OUTSTANDING TAX DEMANDS : PARTIAL MODIFICATION OF INSTRUCTION NO.1914, DATED 21-3-1996 TO PROVIDE FOR GUIDELINES FOR STAY OF DEMAND AT FIRST APPEAL STAGE OFFICE MEMORANDUM [F.NO.404/72/93-ITCC], DATED 31-7-2017 Instruction No.… Read More »

Pay 15% for Stay of Income at demand at CIT (A) : Office Memorandum No 404/72/93 ITCC DATED 29-2-2016

By | February 29, 2016

SECTION 220 OF THE INCOME-TAX ACT, 1961 – COLLECTION AND RECOVERY OF TAX – WHEN TAX PAYABLE AND WHEN ASSESSEE DEEMED IN DEFAULT – AMENDMENT OF INSTRUCTION NO.1914, DATED 21-3-1996 TO PROVIDE FOR GUIDELINES FOR STAY OF DEMAND AT FIRST APPEAL STAGE OFFICE MEMORANDUM [F.NO.404/72/93-ITCC], DATED 29-2-2016 Instruction No. 1914 dated 21-3-1996 contains guidelines issued by… Read More »