Daily Archive: Saturday, February 25, 2017

Unreasonable penalty shakes confidence reduces voluntary compliance by the taxpayers. Revenue officials should be careful and reasonable in levying penalty- ITAT

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Unreasonable penalty shakes confidence reduces voluntary compliance by the taxpayers. Revenue officials should be careful and reasonable in levying penalty- ITAT ABCAUS Case Law Citation: ABCAUS 1142 (2017) (02) ITAT The Grievance: The present appeal was filed by the assessee against the order of CIT(Appeals) sustaining the penalty order

Assessment on the basis of AIR without notice u/s 143(2) void ab initio without jurisdiction and liable to be quashed, as no notice issued – ITAT

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Assessment on the basis of AIR without notice us 143(2) void ab initio without jurisdiction and liable to be quashed, as no notice issued – ITAT ABCAUS Case Law Citation: ABCAUS 1141 (2017) (02) ITAT Assessment Year : 2006-07 Date/Month of Pronouncement: February, 2017 Brief Facts of the Case:

Expression of interest for panel of Actuaries by IRDA for a period of 3 years from 01-04-2017 to 31-03-2020.

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Expression of interest for panel of Actuaries by IRDA for a period of 3 years from 01-04-2017 to 31-03-2020. Online application to be made before 15-03-2017 In terms of the powers conferred under section 14(2)(e) of the IRDA Act 1999 as amended from time to time, the Insurance Regulatory
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