Allowability of deduction u/s 80G for CSR expenses
Allowability of deduction u/s 80G for CSR expenses Allowability of deduction under section 80G of the Income tax Act 1961 for CSR contributions is a question often debated. Fortunately, in a fairly recent Order dated 28th November 2023, Income Tax Appellate Tribunal (ITAT) has upheld the allowance of Section 80G deduction on CSR expenses for […]
Faceless Appeal Scheme 2021
Faceless Appeal Scheme 2021 1.0 Background 1.1 In order to provide efficiency, transparency and accountability by eliminating the interface between taxpayers, Income-tax authorities and Commissioner of Income-tax (Appeals) [‘CIT(A)’], Central Board of Direct Taxes (‘CBDT’ or ‘the Board’) had notified Faceless Appeal Scheme, 2020 (hereinafter referred to as ‘old scheme’) vide Notification nos. 76 and […]
E Appeal
E Appeal The Finance Act 2023 has inserted a new section 246 in Chapter XX with effect from 01- 04-2023 for filing of appeal before the Joint Commissioner of Income-tax (Appeals). Any assessee aggrieved by the orders passed by an Assessing Officer (below the rank of Joint Commissioner) can prefer an appeal against such order […]