Daily Archive: Monday, May 22, 2017

Bogus Purchases-AO cannot sit back and make addition without enquiry simply relying on information from Sales Tax Deptt.

Author: | Categories: Income Tax, ITAT, Judgments No comments
Bogus Purchases-AO cannot sit back and make addition without enquiry simply relying on information from Sales Tax Deptt. and issuing notices u/s 133(6)-ITAT ABCAUS Case Law Citation: ABCAUS 1258 (2017) (05) ITAT The Grievance: The instant case deal with four appeals. Common grievance of all the assessee pertained to

 

Change in CA Firm Constitution on Account of Partner Leaving and Allied Issues. ICAI forms groups to review the decisions

Author: | Categories: ICAI No comments
Change in CA Firm Constitution on Account of Partner Leaving and Allied Issues. ICAI forms groups to review the decisions Formation of a Group for Reviewing the Decision Regarding Noting of Change in Constitution on Account of Leaving of Partner of Firm and Allied Issues No.M-626/17/2017 22nd May, 2017

 

CBDT signed two Unilateral APA with Indian taxpayers related to chip design software and IT software

Author: | Categories: Income Tax No comments
CBDT signed two Unilateral APA with Indian taxpayers related to chip design/development of embedded software and IT software development sectors  Central Board of Direct Taxes (CBDT) signs 2 Unilateral Advance Pricing Agreements (APA) with Indian taxpayers taking the number of APAs signed in the current Financial Year to four

 

Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and return filed though belatedly there was no loss to Revenue

Author: | Categories: Income Tax, ITAT, Judgments No comments
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no loss to Revenue – ITAT ABCAUS Case Law Citation: ABCAUS 1257 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of