Category: All Information

Revision of monetary limits for filing appeals by the department before various appellate bodies or appellate authorities Instruction No. 5 dated 16-7-2007   Reference is invited to Board’s Instruction No. 02/2005, dated 24-10-2005 wherein monetary limits for filing appeals before …

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INCOME   TAX CIRCULAR NO. 4/2007, DATED 15-6-2007   The Income Tax Act, 1961 makes a distinction between a capital asset and a trading asset. 2. Capital asset is defined in Section 2(14) of the Act. Long-term capital assets and gains …

Distinction between shares held as stock-in-trade and shares held as investment – tests for such a distinction Read More »

INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCHES, MUMBAI Guidelines for the Stay Petitions filed before the Income Tax Appellate Tribunal The guidelines were framed at the meeting held on 3rd April 2007. Present in the meeting: Shri G.E.Veerabhadrappa (VP) Shri K.P.T.Thangal …

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see amended version here Work allocation – Representation of CIT(DRs) and Sr. DRs. before ITAT Work allocation of CIT(DRs)/Sr. DRs regarding- Reference is invited to Boards earlier Instruction No. 9 dated 15.9.2003 on the subject of work allocation of CIT(DRs)/Sr. …

Work allocation – Representation of CIT(DRs) and Sr. DRs. before ITAT Read More »

APPEALS BY DEPARTMENT – MONETARY LIMITS FOR FILING APPEALS F. No. 279/Misc.64/05-ITJ GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Central Board of Direct Taxes New Delhi, dated the 24th October, 2005 To All Chief Commissioners of Income-tax and …

Monetary Limits for filing Departmental Appeals before the Appellate Authorities Read More »

Confession of additional Income during the course of search & seizure and survey operation F. No. 286/2/2003-IT (Inv) GOVERNMENT OF INDIA MINISTRY OF FINANCE & COMPANY AFFAIRS DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Room No. 254/North Block, New …

No confessional statement in the course of search, seizure and survey. Read More »