Daily Archive: Monday, May 8, 2017

Section 14A applies to dividend income u/s 115-O on which tax is paid by the dividend paying company-Supreme Court explains

Section 14A applies to dividend income u/s 115-O on which tax is paid by the dividend paying company-Supreme Court explains  ABCAUS Case Law Citation: ABCAUS 1235 (2017) (05) SC The issue: The issue in the present appeal was related to the admissibility or otherwise of deduction of expenditure incurred

 

Round-the-clock Excise officers presence in cigarette factories is not mandatory but directory-CBEC

Author: | Categories: Excise No comments
Round-the-clock Excise officers presence in cigarette factories is not mandatory but directory-CBEC Circular No. 1055/04/2017-CX F. No. 81/08/2016-CX.3 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 1st May, 2017 To The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners of

 

Surety need not be Govt servant, blood relative or local. No property/vehicle papers required-Madras HC

Author: | Categories: High Courts, Judgments No comments
Surety need not be Govt servant, blood relative or local. No property/vehicle papers required. Beggar too qualified if has acceptable residential proof – Madras High Court ABCAUS Case Law Citation: ABCAUS 1234 (2017) (05) HC Date/Month of Pronouncement: April, 2017 Important Case Laws Cited relied upon: Maneka Gandhi vs. Union

 

Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are two different things

Author: | Categories: Income Tax, ITAT, Judgments No comments
Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are two different things and it is not sweet will of the assessee. ABCAUS Case Law Citation: ABCAUS 1233 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by

 

Section 271J Penalty challenged in Madras High Court, Writ accepted and listed for next hearing in July 2017

Author: | Categories: High Courts, Income Tax, Judgments No comments
Section 271J Penalty challenged in Madras High Court. The Court has accepted the writ petition and the matter is listed for next hearing in July 2017 ABCAUS Case Law Citation: ABCAUS 1232 (2017) (05) HC Finance Act, 2017 has inserted a new penal provision wef 01/04/2017 namely, section 271J