Brace for more ‘insignificant’ tax disputes

The Central Board of Direct Taxes has broadened the scope of exceptions for the filing of appeals by the Income Tax department with tax tribunals and courts. A recent circular has allowed appeals to be lodged for even 'insignificant' amounts, while maintaining the existing threshold limits for filing appeals. The exceptions cover a range of issues such as bogus capital gains/loss from penny stocks.

from Times of India https://ift.tt/S7qubBe
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Furore in IIT-Bombay over talks on Hamas, Hinduism

A lecture by writer Devdutt Pattanaik at the Indian Institute of Technology-Bombay campus sparked controversy, with students divided on whether it should be held. Another organization, Vivek Vichar Manch, wrote to the Mumbai police commissioner asking for action against those "vitiating the campus' environment." Students from IIT-Bombay filed a police complaint against a professor and a guest lecturer who allegedly expressed support for Hamas and terrorists during a lecture. The lecture took place as part of a coursework on November 6. from Times of India https://ift.tt/sHaSWwb via IFTTT
Read more

HC: Treat arrest, even without exchange of fire, as encounter

The Punjab and Haryana High Court has ruled that apprehending armed militants qualifies as an "encounter" for reservation benefits for police personnel's children. Justice Jagmohan Bansal's order favored Sonam Kamboj, whose application was initially rejected because her father's service record did not meet the encounter participation criteria. from Times of India https://ift.tt/Sz7c41u via IFTTT
Read more