Notification New Delhi, the 24th October, 2011 INCOME-TAX S.O. 2429 (E).‐ In exercise of the powers conferred by section 295 of the Income‐tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income‐tax Rules, 1962, namely:‐ 1. (1) These rules may be called the Income‐tax
[Notification No. 56/2011/ F.No.133 /48/2011 – SO (TPL)] In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1.(1) These rules may be called the Income-tax (7th Amendment)
CBDT has released a discussion paper on Tax Accounting Standards for inviting comments/suggestions from all the stake holders, to read the discussion paper click on the link given below: DiscussionPaper_
Sachin R. Tendulkar vs. Assistant Commissioner of Income-tax, Range 193 IT APPEAL NOS. 428 TO 430 AND 6862 (MUM.) OF 2008 FACTS Facts of the case, in brief, are that the assessee is a leading cricketer and filed his return of income on 31-10-2003 declaring total income of Rs. 18,51,06,510. In the computation statement
SECTION 281 OF THE INCOME-TAX ACT, 1961 – CERTAIN TRANSFERS TO BE VOID – GUIDELINES FOR PRIOR PERMISSION UNDER SECTION 281 TO CREATE A CHARGE ON THE ASSETS OF BUSINESS CIRCULAR NO. 4/2011 [F. NO. 402/69/2010-ITCC], DATED 19-7-2011 References have been received by the Board regarding issuance of guidelines for granting of prior permission u/s
