RECENT INCOME TAX CASE LAWS IN INDIA

We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.

 
 
 
The CBDT has notified new Income Tax Forms for F.Y. 2008-09 & A.Y. 2009-10 vide notification No. 32/2009 ( Income Tax 9th Amendments) Rules, 2009. I am uploading here ITR 1, Form ITR 2, Form ITR 3, From ITR 4, Form ITR 5, Form ITR 6, Form ITR 7, Form ITR 8, and ITR V in Excel & PDF Format for your benefit:-
 
 

Service of notice and the time limit for issuance of notice under subsection (2) of section 143 of the Income-tax Act

Posted: Sat, 11 Apr 2009 03:48:48 +0000
Sub-section (2) of section 143 of the Income-tax Act provides that the notice under this sub-section shall be served on the assessee within a period of twelve months from the end of the month in...

Presumption as to books of accounts, other documents, etc. found during survey

Posted: Sat, 11 Apr 2009 03:43:36 +0000
Presumption as to books of accounts, other documents, etc. Section 292C of the Income-tax Act provides for a rebuttable presumption with respect to books of account, other documents, money, bullion,...

Extension of time limit for conditions to be satisfied by a provident fund for receiving or retaining recognition under the Income-tax Act

Posted: Sat, 11 Apr 2009 03:37:54 +0000
Extension of time limit set out in Rule 3 for complying with the condition laid down in Clause (ea) of rule 4 of Part A of the Fourth Schedule to the Income-tax Act Rule 4 of Part A of the Fourth...

Authentication of documents/notices/letters issued by Income Tax Authorities

Posted: Sat, 11 Apr 2009 03:32:54 +0000
The demand on the tax administration has been growing on account of increase in the volume of work. The widening and deepening of the tax base has resulted in substantial increase in the number of...

Clarification regarding satisfaction for initiation of penalty under subsection (1) of section 271

Posted: Sat, 11 Apr 2009 03:13:30 +0000
Sub-section (1) of section 271 of the Income-tax Act empowers the Assessing Officer to levy penalty for certain offences listed in that sub-section. It is a requirement that the Assessing Officer is...

Delay in issuance of income tax refunds topped the list of complaints received by IT Ombudsman

Posted: Sat, 11 Apr 2009 02:06:13 +0000
Delay in issuance of income tax refunds has topped the list of complaints received by Income Tax Ombudsman (North West Region) within three months of setting up of its office in New...

RBI Issued Circular on Prudential Guidelines on Restructuring of Advance by Banks

Posted: Sat, 11 Apr 2009 01:51:49 +0000
RBI/2008-09/ 428 DBOD No. BP. BC. 121 /21.04.132/ 2008-09 Dated: April 9, 2009 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs &...

 

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