Daily Archive: Saturday, March 5, 2016

UP Government servant if not passed High School, date of birth/age in service book shall be taken as correct-Allahabad HC

Author: | Categories: High Courts, Judgments No comments
HIGH COURT OF JUDICATURE AT ALLAHABAD Chief Justice’s Court AFR Case :- SPECIAL APPEAL DEFECTIVE No. – 160 of 2016 Appellant :- State Of U.P. And 3 Ors. Respondent :- Tej Ram Kashyap Hon’ble Dr. Dhananjaya Yeshwant Chandrachud,Chief Justice Hon’ble Yashwant Varma,J. (Per : Dr D Y Chandrachud, CJ)

 

Advance received adjusted against sales made could not be added under section 68 treating the same as unexplained

Author: | Categories: Income Tax, ITAT No comments
THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘SMC’ BENCH, KOLKATA I.T.A. No. 2284/KOL/ 2014 Assessment Year: 2009-2010 M/s. Narendra Nath Paul (Appellant ) vs. Income Tax Officer (Respondent) Date of Order: 10-02-2016 ORDER This appeal filed by the assessee is directed against the order of ld. Commissioner of Income Tax

 

RBI Sovereign Gold Bond Scheme 2016-Series II Details

Author: | Categories: RBI No comments
Reserve Bank of India Press Release Sovereign Gold Bond Scheme 2016 – Series II Date: 04-03-2016 The Reserve Bank of India, in consultation with the Government of India, has decided to issue third tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from March 8, 2016 to

 

Levy of excise duty on jewellery in Budget-201617-Clarification

Author: | Categories: Excise/Custom 1 Comment
Ministry of Finance Press Release Clarifications on levy imposed on jewellery In this year’s Budget, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to take

 

Instructions for filling PAN Card Application Form 49A. Document required as proof of identity, address and date of birth

Author: | Categories: Income Tax No comments
INSTRUCTIONS FOR FILLING PAN CARD APPLICATION FORM 49A a Form to be filled in English only. b Fields marked by asterisk (*) are mandatory. c Each box, wherever provided, should contain only one character (alphabet /number / punctuation sign) leaving a blank box after each word. d Those already allotted

 

CBDT Decisions clarifying various provisions of the Income-tax Act for reducing litigation and easing burden of compliance

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 3rd March, 2016 Sub: Decision’s of CBDT clarifying various provisions of the Income-tax Act for reducing litigation and easing burden of compliance – regarding. The Central Board of Direct Taxes has

 

Outstanding disputed demand stay to be granted by assessing officer on payment of 15 percent till disposal of first appeal if pending before CIT(A)

Author: | Categories: Income Tax No comments
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 3rd March, 2016 Subject: Issue of revised guidelines for stay of demand at the first appeal stage – regarding With a view to streamline the process of grant of stay of