Day: July 7, 2016

No requirement of certificate u/s 115VD under Tonnage Tax Scheme (TTS) for vessel on which slot charter operations are carried out – Supreme Court

There is no requirement of the certificate under Tonnage Tax Scheme u/s 115VD in relation to the vessel on which slot charter operations are carried out – Supreme Court ABCAUS Case Law Citation: 967 2016 (07) SC Question before the Court: Is the income derived from ‘slot charter’ …

Govt. examining desirability and feasibility of a new financial year than April to March by constituting a committee for suggesting changes

Govt. examining desirability and feasibility of a new financial year than April to March by constituting a committee for suggesting changes F.No.1(17)-B(AC)/2010 Ministry of Finance Department of Economic Affairs (BUDGET DIVISION) North Block, New Delhi, Dated the 6th July, 2016 The Government hereby constitutes a Committee to examine …

Deduction u/s 80IB(10)-Land ownership not a condition precedent for developing the housing project and claiming the deduction. ITAT

Deduction u/s 80IB(10)-Land ownership not a condition precedent for developing the housing project and claiming the deduction. ITAT ABCAUS Case Law Citation: 966 2016 (07) ITAT Assessment Year: 2008-09 Date/Month of Judgment/Order July, 2016 Important Judgment Cited/relied upon: CIT vs. Radhe Developers (2012) Gujarat High Court Brief Facts of the Case: …