Daily Archive: Wednesday, January 11, 2017
No Penalty us 271(1)(c) for claiming excess depreciation in regular course with firm belief that it is legally allowable and supported by tax audit report-ITAT ABCAUS Case Law Citation: ABCAUS 1100 (2017) (01) ITAT Assessment Year : 2007-08 Important Case Laws relied upon: CIT vs. Suhrid Geigy Ltd.
Demonetization-historic decisions have temporary pain attached to them-Finance Minister Ministry of Finance Press Release Dated 11/01/2017 On demonetization, Finance Minister Shri Arun Jaitley says that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them. Stressing the implementation of GST, FM says that
Income Tax Department receives Silver Award for Innovations in e-filing of Income Tax Returns project- National Awards on e-Governance 2016-17. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 10 January, 2017 Press Release Income Tax Department receives Silver Award for e-filing
New Design PAN Card with QR Code from 10-01-2017. Quick Response Code having details of the PAN applicant for Aadhaar based based e-KYC PAN Circular No.: NSDL/TIN/2017/001
Fact finding committee report under RTI Act can not be denied if report was submitted and action was taken. Section 8(1)(h) was not applicable-Delhi HC ABCAUS Case Law Citation: ABCAUS 1099 (2017) (01) HC Brief Facts of the Case: The petitioner had challenged order of the Central Information Commission
How Asset Prices Interact with Bank Credit and Monetary Policy? Evidence from Emerging Market and Developing Economies RBI Working Paper Series No. 01: How Asset Prices Interact with Bank Credit and Monetary Policy? Evidence from Emerging Market and Developing Economies By Bhupal Singh and Avadhoot R. Nadkarni The Reserve