IN THE ITAT BANGALORE BENCH ‘C’ Deputy Commissioner of Income-tax, Circle – 12(3), Bengaluru v. Sasken Network Engineering Ltd. N.V. VASUDEVAN, VICE-PRESIDENT AND CHANDRA POOJARI, ACCOUNTANT MEMBER IT APPEAL NO. 547 (BANG.) OF 2013 [ASSESSMENT YEAR 2007-08] JULY 12, 2021 Smt. R. Premi, JCIT (DR)(ITAT) for the Appellant. C. Narayan, CA for the Respondent. ORDER N.V. Vasudevan, Vice President. –… Read More »
PM CARES PAN Number ( Permanent Account Number) Does PM CARES Fund have a Permanent Account Number PM CARES Fund have a Permanent Account Number (PAN)? Yes, PM CARES Fund has been allotted a Permanent Account Number (PAN) AAETP3993P. PM CARES Fund is a public charitable trust. It has been set up keeping in mind… Read More »
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 »
Big Relief to Taxpayers I Relaxation from ITR filing I Income Tax Return I CA Satbir Singh
Income Tax Notification No 99/2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd September, 2021 (INCOME-TAX) G.S.R. 612(E).—In exercise of the powers conferred by sections 194P and 206AB read with section 295 of the Income-tax Act, 1961, (43 of 1961) the Central Board of Direct Taxes hereby… Read More »
Income Tax Notification No 98/2021 CBDT Notified Banks for TDS u/s 194P in case of specified senior citizen MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2ndSeptember, 2021 (Income-tax) S.O. 3595(E).––In exercise of the powers conferred by clause (a) of Explanationto section 194P of the Income-tax Act,… Read More »