Search Results for Tag : IT Department

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Clarification on TDS on Interest on Fixed Deposit, Under Section 194A of Income Tax Act, 1961(29.12.2015)

IT Department has clarified that Interest on FDRs made in name of Registrar General of Court or depositor of fund on directions of Court, will not be.....

Tags : IT Department, TDS

IT Department: Infrastructure Companies can Choose the Year from Which They Want Tax Benefit(16.02.2016)

The Income Tax Department has said that infrastructure companies will have option to choose the year from which they desire to claim tax benefits for .....

Tags : IT Department, infrastructure companies

Delhi HC to I-T Department: Do Not Deny Refund in Scrutiny Cases, Let AO Decide(18.05.2016)

Delhi High Court has ruled that the IT department should not "deny" refund to an assessee whose case is being processed under scrutiny and the Assessi.....

Tags : Delhi High Court, IT department

Hyderabad High Court Asks IT Department to Relax Rules, Help Doctors Avail PMGKY(03.04.2017)

Hyderabad High Court has directed the Income Tax Authorities to allow a lady doctor of the city to utilise Pradhan Mantri Garib Kalyan Yojana, by rela.....

Tags : Hyderbad High Court, IT Department, PMGKY

Bom. HC Quashes Order of IT Department regarding BCCI’s Tax Exemption Status(19.02.2025)

Bombay High Court has quashed Income Tax (IT) Department’s order regarding the Board of Control for Cricket in India (BCCI)'s tax exemption status und.....

Tags : Bombay High Court, IT Department, BCCI

SC: If Suits Mention Cash Transactions Above ?2 Lakh, Court Must Report it to IT Department(17.04.2025)

SC has observed that whenever, a suit is filed with a claim that Rs. 2,00,000 and above is paid by cash towards any transaction, courts must intimate .....

Tags : Supreme Court, Cash Transactions, IT Department