Day: March 8, 2016

Penalty 271(1)(c) – Limitation provisions apply as per law in force at the time of filing of return

Penalty 271(1)(c) – Limitation provisions u/s 275(1A) apply as per law in force at the time of filing of return INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No.137(Asr)/2014 Assessment Year: 1994-95 Income Tax Officer (Appellant) vs. K.D. Bali (Respondent) Date of Order: 04-03-2016 ORDER PER T. S. KAPOOR (AM): This …

ICAI S Vaidyanath Aiyar Memorial Fund (SVAMF) Scholarship FY 2015-2016

ICAI S Vaidyanath Aiyar Memorial Fund (SVAMF) Scholarship FY 2015-2016 THE S. VAIDYANATH AIYAR MEMORIAL FUND (SVAMF) The Managing Committee of the S. Vaidyanath Aiyar Memorial Fund have decided to award scholarships to 100 students (who are currently undergoing articled training in accordance with The Chartered Accountants Regulations, …

Taxability of Consortium Members in Large Infrastructure Projects-CBDT Clarification

Taxability of Consortium Members in Large Infrastructure Projects-CBDT Clarification Circular No. 07/2016 Government of IndiaMinistry of FinanceDepartment of RevenueCentral board of  Direct Taxes  North Block, New Delhi, the 7th of March, 2016 Subject: Clarification regarding taxability of consortium members-reg.- A  Consortium of contractors is often formed to implement …