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Farmington to hold second revaluation public information session, April 29

FARMINGTON – The Town of Farmington is in the process of a full revaluation. The second of two public information sessions will be held on Monday, April 29, 2024 at 6 p.m. in the downstairs meeting room of the Farmington Town Office, 153 Farmington Falls Road. The first session was held on Wednesday, April 17. ....

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Order passed without implementing direction of DRP is void-ab-initio: ITAT Delhi

ITAT Delhi held that AO is bound to follow the directions of DRP. Accordingly, final assessment order passed by AO without implementing direction of DRP makes the assessment order void-ab-initio. ....

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Contribution Collected From Employees If Not Deposited Within Due Dates Prescribed As Per PF & ESIC Act, Is Dis-Allowable: Mumbai ITAT

The Mumbai ITAT recently clarified that mere deposit of employee s contribution before due date of filing return of income as per Section 139 of Income tax Act, will not make it eligible for. ....

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Sec 50C(1) Is Anti-Avoidance Provision To Prevent Evasion Of Tax By Showing Lesser Consideration, Reiterates Mumbai ITAT

While setting aside the order passed by CIT(A) and emphasizing on the safe harbour limit, the Mumbai ITAT held that the assessee is entitled to the benefit of Section 50C of Income Tax Act, 1961.The. ....

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Farmington revaluation project underway

FARMINGTON - The Town of Farmington is in the process of a full revaluation. Two public information sessions will be held in early April, with the exact dates to be announced. What is a Full Revaluation? The Town of Farmington has hired KRT Appraisal (KRT) to complete a Full Revaluation. According to Maine Revenue Service, ....

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