Daily Archive: Friday, May 19, 2017

Assessment us 153C based on paper not belonging to assessee was bad. Shifting burden without making basic enquiries not acceptable-Delhi HC

Author: | Categories: High Courts, Income Tax, Judgments No comments
Assessment us 153C based on paper not belonging to assessee held as bad. Shifting the burden on assessee without making basic enquiries to unearth truth of the document can not be accepted-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1254 (2017) (05) HC The Grievance: The appellant Revenue had

Violation of State Act not affect processing of application us 80G unless Income Tax Act require examination

Author: | Categories: Income Tax, ITAT, Judgments No comments
The violation, if any, of the provision of a State Act, should not come in the way of processing the application filed u/s 80G, unless the provisions of the Income Tax Act require examination of the same- ITAT ABCAUS Case Law Citation: ABCAUS 1253 (2017) (05) ITAT The Grievance:

Benefit of 30% Disallowance u/s 40(a)(ia) prior to 2015 amendment be given to assessee – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Benefit of 30% Disallowance u/s 40(a)(ia) prior to 2015 amendment be given to assessee else AO should confirm if parties have deposited tax or not – ITAT ABCAUS Case Law Citation: ABCAUS 1252 (2017) (05) ITAT The Grievance: The appellant assessee had challenged the order passed by the Commissioner

Advertisement of coaching-teaching activities by CA in practice liable for disciplinary action-ICAI

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Advertisement of coaching-teaching activities by CA in practice amounts to indirect solicitation amounting to misconduct liable for disciplinary action-ICAI ICAI ANNOUNCEMENT Re: Advertising by members in practice engaged in Coaching/Teaching activities Regulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not engage

Only chartered accountants can be Bank CFO-RBI

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Only chartered accountants can be Bank CFO-RBI prescribes Minimum required qualifications and experience for Bank CFO and CTO Reserve Bank of India Minimum qualifications and experience for CFO and CTO RBI/2016-17/304 DBR.Appt.No.BC.68/29.67.001/2016-17 May 18, 2017 All Scheduled Commercial Banks (excluding RRBs) Madam/ Dear Sir, Minimum qualifications and experience for
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