Daily Archive: Sunday, April 10, 2016

Excel Auto Income tax Calculator AY 2016-17 FY 2015-16 download for all heads of income, salary, business, capital gains, house Property, etc.

Author: | Categories: Calculators, Income Tax, Taxation No comments
ABCAUS Excel Income Tax Calculator for Assessment Year 2016-17 (FY 2015-16) is excel based calculator is automatic, e.g. users are required to fill only the income under the various heads, amount of deductions to be claimed and it instantly calculates the amount of income tax payable. It has the

Post office not an agent of the assessee. Notice u/s 143(2) dispatched to post office on the last date of limitation period not service to the assessee.

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a latest judgment, ITAT Delhi has held that post office is not an agent of the assessee. Notice u/s 143(2) dispatched to post office on the last date of limitation period  can not be deemed to be the date of service of notice to the assessee. Case Law Details: I.T.A

Delhi ITAT granted stay beyond 365 days holding that delay was not attributable to assessee and his conduct was bonafide and reasonable

Author: | Categories: Income Tax, ITAT, Judgments No comments
In a recent judgment, ITAT Delhi following Pepsi Foods (P) Ltd case  has granted stay beyond 365 days in a re-fixed appeal for clarification, holding that the  delay was not attributable to the assessee. Case Law Details: S.A.-211/Del/2016 (In ITA No.-1681/Del/2015) AY: 2010-11 D.E.Shaw India Advisory Services Pvt.Ltd vs. DCIT Date

Merely writing yes/approved and affixing signature by CIT is not proper satisfaction for a fit case for re-opening u/s 147 and issue of notice u/s 148

Author: | Categories: Income Tax, ITAT, Judgments No comments
Merely writing “yes” or “approved” and affixing signature by the Commissioner of Income Tax (CIT) was not the required/proper satisfied for a fit case for re-opening u/s 147 by the issue of notice under section 148-ITAT Delhi. Case Law Details: ITA No. 5311/Del/2013  and Cross Objection No. 42/Del/2014 Assessment Year: 2000-01
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