Monthly Archive:: April 2017

Lack of enquiry or inadequate enquiry. Revision u/s 263 quashed by ITAT applying the large number of judgments of High Court and Supreme Court.

Author: | Categories: Income Tax, ITAT, Judgments No comments
Lack of enquiry or inadequate enquiry. Revision u/s 263 quashed by ITAT applying the large number of judgments of High Court and Supreme Court. ABCAUS Case Law Citation: ABCAUS 1220 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the revisionary order passed by the Commissioner of

HIV AIDS Positive Person-Prohibition of discrimination under HIV AIDS (Prevention and Control) Act, 2017

Author: | Categories: Government No comments
HIV AIDS Positive Person-Prohibition of discrimination  Ministry of Law & Justice has notified The Human Immunodeficiency Virus and Acquired Immune Deficiency Syndrome (Prevention and Control) Act, 2017 No. 16 of 2017. As per the HIV AIDS (Prevention and Control) Act, there is a prohibition on discriminating with any one

Specified securities for investment by Trust us 20 of Indian Trust Act 1882. Notification specifying revised eligible securities

Author: | Categories: Finance Ministry No comments
Specified securities for investment by Trust us 20 of Indian Trust Act 1882. Amendment/Notification specifying revised specified securities Specified securities for investment by Trust u/s 20 of Indian Trust Act 1882 Section 20 of the Indian Trusts Act, 1882 deals with the Investment of trust-money. As per the said section, where

Salary recovered for notice period not taxable u/s 16 – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Salary recovered for notice period not taxable salary us 16 as per agreement with the employers when actually assessee had received less salary – ITAT ABCAUS Case Law Citation: ABCAUS 1219 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income

Removal of Cyprus from list of notified jurisdictional areas us 94A – Clarification

Author: | Categories: Income Tax No comments
Removal of Cyprus from list of notified jurisdictional areas us 94A of the Income-tax Act retrospectively from 01.11.2013-Clarification  Removal of Cyprus from list of notified jurisdictional areas F.  No. 500/002/2015-FT&TR-III(1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Circular  No. 15 of

Disallowance of interest for drawings out of cash credit account deleted as closing balance of capital was more than opening balance

Author: | Categories: Income Tax, ITAT, Judgments No comments
Disallowance of interest for drawings out of cash credit account deleted as despite drawings closing balance of capital was more than opening balance ABCAUS Case Law Citation: ABCAUS 1217 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income Tax (Appeals)

Let justice be done though the heavens fall- Supreme Court explains the ambit of Article 142

Author: | Categories: Judgments, Supreme Court No comments
Let justice be done though the heavens fall-Supreme Court explains the ambit of Article 142 of the Constitution viz-a-viz powers of the Apex Court ABCAUS Case law Citation: 1218 (2017)(04) SC Important Case Law Cited/referred A.R. Antulay v. R.S. Nayak & Another, (1988) 2 SCC 602, Supreme Court Bar
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