Daily Archive: Monday, July 18, 2016

In the foreseeable future, we will bring formal financial services to every Indian who wants them: RBI Governor’s Speech on financial inclusion

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Reserve Bank of India Date : Jul 18, 2016 In the foreseeable future, we will bring formal financial services to every Indian who wants them: RBI Governor “In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an important

Additional depreciation u/s 32(1)(ii) on capital work in progress converted into plant and machinery erected, commissioned during the year allowable – ITAT

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Additional depreciation u/s 32(1)(ii) on Capital Work in Progress converted into plant and machinery during the year is allowable – ITAT ABCAUS Case Law Citation: 976 2016 (07) ITAT Assessment Year: 2006-07 Date/Month of Judgment/Order: July 2016 Important Judgments Cited: JCIT vs. Lotus Energy (India) Ltd. [2016] 68 taxmann.com

Forming opinion on the basis of information received by Investigation wing not satisfaction of the AO to reopen the case u/s 147 – ITAT

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Forming opinion on the basis of information received by Investigation wing does not amount to satisfaction of the AO to reopen the case u/s 147 – ITAT ABCAUS Case Law Citation: 975 2016 (07) ITAT Assessment Year: 2004-05 Date/Month of Judgment: July 2016 Important Case Laws/Judgments  Cited: Pr. Commissioner
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