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No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty u/s 271(1)(c)

Author: | Categories: Income Tax, ITAT, Judgments No comments
No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty u/s 271(1)(c) ABCAUS Case Law Citation: ABCAUS 1140 (2017) (02) ITAT The Grievance: The assessee is aggrieved with the levy of penalty u/s 271(1)(c) of the Income-tax Act, 1961

Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT  ABCAUS Case Law Citation: ABCAUS 1139 (2017) (02) ITAT Assessment Year : 2009-10 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: Commissioner of Income Tax

Poem guidelines not applicable to companies with turnover or gross receipts up to Rs 50 crores. CBDT Circular No. 08 of 2017

Author: | Categories: Income Tax No comments
Poem guidelines not applicable to companies with turnover or gross receipts up to Rs 50 crores  Circular No 08 of 2017 F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 23rd February, 2017 Subject: Clarification for determination of Place of

DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC

Author: | Categories: High Courts, Income Tax, Judgments No comments
DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC ABCAUS Case Law Citation: ABCAUS 1138 (2017) (02) HC The Substantial Question of Law in assessee’s appeal: Whether the finding recorded by the Tribunal to the effect that after 13.12.2011

Internship Programme of Department of Expenditure Indian national pursuing post-Graduation Research Courses/Law/Professional Course

Author: | Categories: Finance Ministry No comments
Internship Programme of Department of Expenditure No.A-33025/01/2017-Ad .l Government of India Ministry of Finance Department of Expenditure North Block New Delhi, the 23rd February,2017 Subject : Internship Programme of Department of Expenditure The objective and guidelines/ salient feature s of the Internship Programme of the Department of Expenditure for

CBEC GST Mobile Application Download. Mobile application is downloaded free of cost on Android platforms. iOS version to follow soon

Author: | Categories: GST No comments
CBEC GST Mobile Application Download.  Mobile application is downloaded free of cost on Android platforms.  iOS version to follow soon. Ministry of Finance Press Release Dated: 23-02-2017 Central Board of Excise and Customs (CBEC) launches a Mobile Application for Goods and Services Tax (GST) to inform the taxpayers of

Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of prescribed challan and certain technical reasons. CBDT direction to banks

Author: | Categories: Income Tax No comments
Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of  prescribed challan and certain technical  reasons. CBDT direction to banks F. No. 370/06/20 16-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block , New Delhi 22nd February,
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