Explanatory Notes to the Provisions of Finance Act, 2018 issued by CBDT Vide Circular Dated 26 Dec 2018
Reopening of Assessment not justified if AO is satisfied in respect of any claim during assessment proceeding
Exception from online filing of application under section 197 and 206C (9) in the cases of NRIs and resident applicants
Exemption u/s 54F can still be allowed if sale consideration is invested to purchase new residential flat before date specified u/s 139(4) : ITAT
Revision power of CIT- Mere suspicion of the Principal CIT cannot be the basis for holding the enquiry conducted by the AO as insufficient
Penalty u/s 271B for Non-filing of audit report u/w 44AB for Assessee engaged in providing accommodation entries to entry seekers against commission
Capital gains vis a vis Transfer u/s 2(47)(v) through GPA and JDA registered containing intention of owner