Daily Archive: Sunday, June 19, 2016

Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in mutual funds.

Author: | Categories: Income Tax, ITAT, Judgments No comments
Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in mutual funds-ITAT ABCAUS Case Law Citation: 952 2016 (06) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: June, 2016 Brief Facts of the Case: In this cross objection filed by

 

RBI Governors Message-From Fragile 5 to fastest growing economy of the world. I will be returning to academia when my term ends on 04-09-2016

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RBI Governors Message-From Fragile 5 to fastest growing economy of the world. I will be returning to academia when my term ends on 04-09-2016 RBI releases Governor’s message to staff for wider dissemination Dr. Raghuram G. Rajan, Governor, Reserve Bank of India sent a message to RBI staff today.

 

Annual Conference of Tax Administrators-2016 Major Take aways and action points identified on CBDT and CBEC Side

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Annual Conference of Tax Administrators-2016 Major Take aways Ministry of Finance Press release dated 18-06-2016 Rajswa Gyansangam- Annual Conference of Tax Administrators-2016”concludes; Major Take Aways from two day “Annual Conference of Tax Administrators-2016” include further improvement in Tax Payers Services by use of technology and increased human touch; widening

 

ICAI FAQ on Responding to Tenders by CA Members

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ICAI FAQ on Responding to Tenders by CA Members Frequently Asked Questions (FAQs) on Responding to Tenders A notification published in Part III Section 4 of the Gazette of India: Extraordinary dated 7th April, 2016 has been issued by the Institute containing the guidelines on responding to tenders which can be

 

FDRs Interest was business income but not contract income. Interest on Margin Money deposits for bank guarantee is not income out of contract business

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FDRs Interest was business income but not contract income. Interest on Margin Money deposits for obtaining bank guarantee is not income out of contract business-ITAT upheld CIT order u/s 263 ABCAUS Case Law Citation: 951 2016 (06) ITAT Assessment Year – 2009-10 Date/Month of Judgment/Order: June 2016 Brief Facts of