Month: May 2016

CBDT Instruction 1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking the pre-dominant view of various High Courts

CBDT Instruction 1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking the pre-dominant view of various High Courts

May 21, 2016 Income Tax, ITAT, Judgments
CBDT Instruction 1916 dated 11-05-1994 cbdt-instruction-1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking the pre-dominant view of various High Courts ABCAUS Case Law Citation: 932 2016 (05) ITAT Assessment Year : 2010-11 Brief Facts of the Case: The assessee was subjected …
Addition for Jewellery in daughter-in-laws bedroom locker found during search operation u/s 132 deleted when she was having separate sources of income

Addition for Jewellery in daughter-in-laws bedroom locker found during search operation u/s 132 deleted when she was having separate sources of income

May 21, 2016 Income Tax, ITAT, Judgments
Jewellery found in daughter-in-law’s bedroom locker of at the time of search u/s 132 can not be added to the assessee’s income  when she was having a seperate source of income- ITAT Delhi Case Law Details: ITA No.3763 and 3757/Del/2012 Assessment Year : 2010-11 S.C. Verma vs. ACIT/ACIT vs S.C. Verma Date …
Reopening us 147 based on merely tax evasion petition bad as AO did not apply mind and initiated proceedings without being satisfied-ITAT Delhi

Reopening us 147 based on merely tax evasion petition bad as AO did not apply mind and initiated proceedings without being satisfied-ITAT Delhi

May 21, 2016 Income Tax, ITAT, Judgments
Reopening  us 147 based on merely tax evasion petition itself bad in law as the AO had not satisfied himself before initiating the proceedings that income of the assessee has escaped assessment. ITAT Delhi Case Details: ITA No.1894/Del./2012 Assessment Year : 2002-03 Ashok Arora vs. ITO Date of Order/Judgment: …
Service Tax Mega Exemption Government-local authority Amendments. Notification No. 26/2016. Turnover limit not to apply in certain cases

Service Tax Mega Exemption Government-local authority Amendments. Notification No. 26/2016. Turnover limit not to apply in certain cases

May 20, 2016 Service Tax
Service Tax Mega Exemption Government local authority Amendments GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 26/2016-Service Tax New Delhi, the 20th May, 2016 G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) and …
Licensing of Special Warehouses us 58A clarification regarding transitional provisions relating to custom duty Free Shops/Ship stores/Airline Stores etc.

Licensing of Special Warehouses us 58A clarification regarding transitional provisions relating to custom duty Free Shops/Ship stores/Airline Stores etc.

May 20, 2016 Excise/Custom
Licensing of Special Warehouses u/s 58A clarification Circular No. 20/ 2016 – Customs F.No: 473/05/2015 – LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs New Delhi, dated 20th May, 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners …
The Income Declaration Scheme 2016-Important Dates 30092016 for making declaration, 30112016 for payment of tax, surchage and penalty CBDT Notification 32/2016

The Income Declaration Scheme 2016-Important Dates 30092016 for making declaration, 30112016 for payment of tax, surchage and penalty CBDT Notification 32/2016

May 20, 2016 Income Tax
The Income Declaration Scheme 2016-Important Dates for Compliances GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 19th May, 2016 NOTIFICATION No. 32/2016 S.O. 1830(E)– In exercise of the powers conferred by section 183, section 187 and section 190 of the Finance Act, 2016 (28 …