Daily Archive: Tuesday, August 22, 2017

Penalty u/s 271(1)(c) invalid for assessment made in search cases u/s 158BC of the Income Tax Act – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Penalty u/s 271(1)(c) invalid for assessment made in search cases u/s 158BC of the Income Tax Act. Penalty proceedings initiated and completed under wrong sections invalid-ITAT ABCAUS Case Law Citation: ABCAUS 2040 (2017) (08) ITAT Assessment Year :  Block Period 1987-88 to 1997-98. Brief Facts of the Case: Consequent

 

Special audit of UP VAT refunds issued in FY 2016-17 and 2017-18 till July 2017 ordered

Author: | Categories: VAT No comments
Special audit of UP VAT refunds issued in FY 2016-17 and 2017-18 till July 2017 ordered where single refund amount was Rs 10 lakhs or more. Special audit of UP VAT refunds  Commissioner , Uttar Pradesh Commercial Tax has issued order for special audit of refunds issued during FY

 

Delay in submission of form 15G 15H to CIT do not make bank as assessee in default

Author: | Categories: Income Tax, ITAT, Judgments No comments
Delay in submission of form 15G 15H not make bank assessee in default for non deduction of tax at source. Demand can not be raised without verification of Forms – ITAT ABCAUS Case Law Citation: ABCAUS 2039 (2017) (08) ITAT The Grievance: This appeal was preferred by the assessee

 

Exemption us 10(23)(C)(vi)-Applying provisions of the Right of Education Act not necessary

Author: | Categories: High Courts, Income Tax, Judgments No comments
Exemption us 10(23)(C)(vi)- By not applying provisions of the Right of Education Act, it cannot be said that the assessee is not doing any genuine educational activities. ABCAUS Case Law Citation: ABCAUS 2038 (2017) (08) HC Important Case Laws Cited/relied upon by the parties: Amrawati Welfare Society vs. Central