Day: April 12, 2016

Addition u/s 69 for discrepancies in stocks was business income to be considered for computing partners remuneration under Section 40(b)

In a recent judgment, ITAT Chennai has upheld that Addition u/s 69 for discrepancies in stocks was business income and has to be considered for computing partners remuneration under Section 40(b) Case Law Details: ITA No.393/Mds/2013 Assessment Year : 2009-10 Income Tax Officer vs. M/s Roshan Date of Order/Judgment: 07/04/2016 Brief …

Excisability of re-refined used oil or waste oil-CBEC clarification-When lubricating oil produced from waste oil amounts to manufacture

Circular No. 1024/12/2016–CX F.NO. 96/43/2015-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 11th April, 2016 To All Principal Chief Commissioner/Chief Commissioners of Customs, Central Excise & Service Tax; All Director Generals of Customs, Central Excise & …

Public Servants Filing of Annual Return of Assets and Liabilities. Extension of due due date to 31/07/2016 u/s 44 of the Lokpal and Lokayuktas Act 2013

MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (Department of Personnel and Training) NOTIFICATION New Delhi, the 11th April, 2016 G.S.R. 414(E).––In exercise of the powers conferred by sub-section (1) read with clause (k) and clause (m) of sub-section (2) of section 59 read with section 44 of the …