Day: November 14, 2016

Separate Pay-in-slips for cash deposits of withdrawn bank notes. Depositor with mixed bunch of SBN and legal lender notes has to segregate them-RBI

Separate Pay-in-slips for cash deposits of withdrawn bank notes. Depositor with mixed bunch of Specified Bank Notes and legal lender notes has to segregate them-RBI   Reserve Bank of India (RBI) vide its notification dated 14th November, 2016 has taken several measures consequent to withdrawal of Legal Tender …

Yamuna Expressway Authority-If charitable Institution us 12AA or not to be decided by Allahabad High Court, Questions of Law framed

Yamuna Expressway Authority-If charitable Institution us 12AA or not to be decided by Allahabad High Court, Questions of Law framed ABCAUS Case Law Citation: 1054 (2016) (11) HC Important Case under consideration: Sri Ramtanu Co-operative Society v. State of Maharashtra Indian Trade Promotion Organization v. Director General of …

No Concealment if return revised due to search of other person when assessee filed it voluntarily and no proceedings initiated u/s 153 against him-ITAT

No Concealment if return revised due to search of other person when assessee voluntarily filed revised ITR and no proceedings were initiated u/s 153 against him-ITAT ABCAUS Case Law Citation: 1052 (2016) (11) ITAT Important Case considered: Ravi Sud vs. ACIT (2015) 39 ITR (T) 356 CIT vs. …