Daily Archive: Sunday, January 22, 2017

Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund rotations-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Element of undisclosed investment in undisclosed purchases upheld. Peak credit of purchases rejected. AO to work out number of fund rotations required for achieving undisclosed purchases -ITAT  ABCAUS Case Law Citation: ABCAUS 1107 (2017) (01) ITAT Assessment Year : 2010-11 The Issue for determination: The issue before the ITAT

 

Transport Allowance to deaf-dumb employees at double rates. Central Government employee to get double allowance from 19-02-2014-Finmin

Author: | Categories: Finance Ministry No comments
Transport Allowance to deaf-dumb employees at double rates. Central Government employee to get double allowance from 19-02-2014-Finmin No. 20/2/2016-E-II(B) Government of India Ministry of Finance Department of Expenditure *** North Block, New Delhi. Dated: 17.01.2017 OFFICE MEMORANDUM Subject:–  Grant of Transport Allowance at double the normal rates to deaf

 

Deduction us 54-Old fund used for construction of new house. It is not mandatory that sale consideration new house should be used for construction-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Deduction us 54-Old fund used for construction of new house. It is not mandatory that only the sale consideration of house sold is to be utilized for purchasing or constructing a new residential house-ITAT ABCAUS Case Law Citation: ABCAUS 1106 (2017) (01) ITAT Assessment Year : 2009-10  Important Case Laws