Daily Archive: Tuesday, May 23, 2017

Revenue cannot judge fee paid for business development services with respect to the benefit derived by assessee – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Revenue cannot judge fee paid for business development services with respect to the benefit derived by the assessee in terms of increased turnover– ITAT ABCAUS Case Law Citation: ABCAUS 1261 (2017) (05) ITAT Grievance: The appellant assessee had challenged the order passed by CIT(A), confirming the confirming the disallowance

 

FAQs on Insurance Ombudsman Rules 2017 by IRDAI

Author: | Categories: IRDAI No comments
FAQs on Insurance Ombudsman Rules 2017 by IRDAI. Complaint to be made in writing within one year after making written representation to the insurer  FAQs on Ombudsman Scheme Date:19-05-2017 FAQs on Insurance Ombudsman Rules 2017 1) Who can approach Insurance Ombudsman? What is the procedure for lodging a complaint with

 

1st ever National CSR Awards. Last date for online applying/nominating is 18-06-2017

Author: | Categories: Companies Act No comments
1st ever National Corporate Social Responsibility CSR Awards. Last date for online applying/nominating is 18-06-2017 in five categories Government of India has instituted the 1st ever National Corporate Social Responsibility (CSR) Awards to recognize companies that have made a positive impact on the society through their innovative & sustainable

 

Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits

Author: | Categories: Income Tax, ITAT, Judgments No comments
Deposits in Bank-Income estimated 10% of cash and 20% of cheque deposits as the assessee reasonably proved that he was carrying on business activity – ITAT ABCAUS Case Law Citation: ABCAUS 1260 (2017) (05) ITAT Grievance: The appellant assessee had challenged the order passed by CIT(A), confirming the addition

 

Revision us 263-Student Development-Capitation Fees not reflected in Income Expenditure Account

Author: | Categories: High Courts, Income Tax, Judgments No comments
Revision us 263-Student Development-Capitation Fees not reflected in Income Expenditure Account shown directly in the Balance Sheet held as  erroneous and prejudicial to the interest of Revenue-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1259 (2017) (05) HC  Grounds of Appeal: Whether on the facts and circumstances of the case

 

EPFO Housing Scheme for PF members-Salient Feature and Eligibility

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EPFO Housing Scheme for PF members-Salient Feature Employees’ Provident Fund Organisation  (Ministry of Labour & Employment, Govt. Of India) Bhavishya Nidhi Bhawan, 14-Bhikaiji CamaPlace. New Delhi-110066 No. WSU/39(1)2017/Housing Scheme/3988 Date: 19 MAY 2017 To All ACCs (HQ)/ACCs (Zones) & All RPFCs-Incharge of Regional Offices. Sub: Withdrawal from provident fund

 

RBI action plan to implement Banking Regulation Amendment Ordinance 2017.

Author: | Categories: RBI No comments
RBI action plan to implement Banking Regulation Amendment Ordinance 2017. Current guidelines to be modified to resolve large stressed assets. Reserve Bank of India Date : May 22, 2017 Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017 In a Release today,