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ABCAUS Excel for Chartered Accountants

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02-03-2016
Deduction u/s 40(a)(iii) for salaries paid to expatriate employees overseas where tax was paid as per CBDT Circular 685/686-1994 allowable-Delhi HC
27-02-2016
ITAT Power to grant Stay beyond 365 days u/s 254(2A) Delhi High Court Judgment-Do non-jurisdictional ITAT bound to follow decision or it is only persuasive
26-02-2016
No additions on the basis of computer file seized during search u/s 132 containing cash flow sales projections not actual sales-Delhi High Court
24-02-2016
Section 12AA deemed registration for Non disposal of application in 6 months. Supreme Court upheld Allahabad HC judgment in Society for Promn of Education
23-02-2016
Re-opening assessment u/s 147 148 invalid if notes schedules to the accounts discloses all required particulars/information-Delhi High Court
22-02-2016
Income earned by company incorporated under Sikkim Companies Act in India Prior to 01-04-1989 is also covered under Income Tax Act 1961-Delhi High Court
18-02-2016
Assessing Officer not competent to pass draft assessment order u/s 144C(1), assessee being not eligible u/s 144C(15)(b)-Delhi High Court
17-02-2016
Non-payment of pension constitutes a continuing wrong and delay, laches or limitation will not thwart the claim-Allahabad High Court
16-02-2016
If Drivers with LMV licence required to obtain prior endorsement to drive transport vehicles. The question referred to larger bench of Supreme Court
10-02-2016
A writ petition under Article 226 of the Constitution can be filed by a power of attorney holder subject to due observance of safeguards-Allahabad High Court
01-02-2016
Revision u/s 263 barred if some enquiry was made by Assessing Officer. Settled law is that commissioner can exercise jurisdiction only in no enquiry cases-Allahabad HC
01-02-2016
Eldest Female member can also be karta of Hindu Undivided Family (HUF) after Hindu Succession (Amendment) Act, 2005 -Delhi High Court
31-01-2016
Unless possession handed over to buyer after registration with RTO, motor vehicle remains unascertained/future goods for sales tax purposes-Supreme Court
11-01-2016
Delhi High Court refuses to interfere with Odd Even Car Scheme of Kejriwal Delhi Government which is to continue till 15-01-2016. Download Full Judgment
07-01-2016
Settlement commission lacks power to direct special audit u/s 142(2A) in the course of settlement proceedings under Chapter XIX-A of Income Tax Act, 1961
06-01-2016
Once initial onus u/s 68 is discharged, expecting assessee produce parties physically before AO unreasonable. He can use his powers if any doubt-Delhi HC
03-01-2016
Simultaneous deductions under Section 80HHC and 80-IA/80IB Question of allowability referred to Supreme Court larger bench
28-12-2015
If house purchased from common funds of joint-owners, individual shares not specified then housing loan Interest u/s 24b is allowed in equal percentage-Punjab & Haryana High Court
28-12-2015
Where appellant did not challenge CIT(A) order before ITAT, in remand proceedings on Revenue’s appeal, legality of notice u/s 153C can not be considered-Allahabad High Court
24-12-2015
UP Dying-in-Harness Rules 1974 to include even married daughters for compensatory appointment. Exclusion struck down as illegal by Allahabad High Court
16-12-2015
Supreme Court-RBI and Financial Institutions/Banks do not share Fiduciary Relationship and RBI under RTI Act must provide information related to them
16-12-2015
Supreme Court lays down broad factors/guidelines for finalizing existing Collegium Memorandum of Procedure by Govt in consultation with Chief Justice
06-12-2015
Satisfaction Recording u/s 153C must even if AO of Person Searched and assessee same. Belongs to is different from the expression relates to-Delhi HC
27-11-2015
No Additions u/s 68 for mere fact that some investors of Share Application Money have a common address to doubt their identity/genuineness-Delhi HC
26-11-2015
In the absence of human intervention Mobile Call Roaming facility would not amount to technical services u/s 194J-Punjab and Haryana High Court
26-11-2015
Supreme Court-Compact disc CD also document as per the definition of document in Evidence Act. Courts have erred in law in rejecting the CD in question
23-11-2015
Delhi HC Rejects Retraction from Statement Recorded u/s 132(4) missing in file but not challenged in assessment not supported by affidavit under ITAT Rules
18-11-2015
SC-Interest/Compensation received by banks for default in payment of Bill of Exchange purchased/discounted does not come within the purview of the Interest Tax Act 1974
18-11-2015
Bank Cash Credit/Overdraft Account of the assessee can not be attached by Income Tax Authorities u/s 226(3)-Calcutta High Court
31-10-2015
Delhi HC-Assessment Proceedings u/s 153C can not be commenced merely on the basis of Computer Hard Disk, Working Papers Seized from Chartered Accountant
24-10-2015
CA Firms De-merger done by 75% or more partners of any of the erstwhile firms valid. Demerger can also be from a date prior to or after the date of notice
19-10-2015
Punjab and Haryana HC-If assessee not complied with notices issued u/s 142(1), assessment u/s 143(3) valid, it could have also been done u/s 144 Income Tax Act 1961
17-10-2015
Supreme Court Strikes down 99th Constitutional Amendment and National Judicial Appointments Commission Act 2014 as Unconstitutional, Restores Collegium System
17-10-2015
SC allows four more Schemes that may use AADHAAR Card but reiterates that Aadhaar Card Scheme is purely voluntary and cannot be made mandatory
16-10-2015
Delhi HC-Reopening Assessment u/s 147 148 on the basis of information received from Investigation Wing on matters already examined in regular assessment completed
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