Month: August 2016
Books non-rejection and making additions than estimating income wrong when there were defects in accounts produced and many accounts not produced – ITAT ABCAUS Case Law Citation: 992 2016 (08) ITAT Assessment Year: 2006-07 Date/Month of Judgment: August 2016 Brief Facts of the Case: The assessee was a partnership …
Loss on furnishing guarantees for subsidiary company allowed as incurred by holding company in carrying on its own business a the nature of the business of assessee company included furnishing of guarantee to debts borrowed by subsidiary company. ABCAUS Case Law Citation: 991 2016 (08) ITAT Assessment Year: 2005-06 …
Service tax liability on hiring of goods without transfer of right to use goods to be as per criteria laid down by Supreme Court. Circular No.198/08/2016 -Service Tax F. No. 137/54/2016-Service Tax-Part-II Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax …
EPF Applicability on Courier Business with Agency. If ultimate control over financial/human resources with courier company, agency staff included – Kerala High Court EMPLOYEES’ PROVIDENT FUND ORGANISATION Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi – 110 066. No. C-I/1(3)2016/Court Case/7905/11/12656 …
EPFO-Identify establishments depositing EPF contributions by cheque, and ensure epf deposits are made mandatorily through internet banking only Employees’ Provident Fund Organisation No. Bkg./1(4)2010/Online Remittance/Vol.II/517 …
Strengthening Public Grievance Redress Mechanism in Government Offices. Strict adherence to time limit for disposal of grievances No K-11017/3/2015-PG C1 Government of lndia/Bharat Sarkar Ministry of Personnel, Public Grievances and Pension Karmik, Lok Shikayat Aur Pension Mantralaya Department of Administrative Reforms & Public Grievances Prashasnik Sudhar Aur Lok …
Keeping cash in bank not in hand not mandatory under any law. Cash deposited in bank from withdrawals made long back accepted as the AO was not able to show that the cash so withdrawn was spent elsewhere – ITAT ABCAUS Case Law Citation: 990 2016 (08) ITAT Assessment …
Penalty us 271(1)(c) if assessee agreed disallowance to buy peace. Merely because assessee agreed addition, he can not be saddled with penalty-ITAT ABCAUS Case Law Citation: 989 2016 (08) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: August, 2016 Brief Facts of the Case: The assessee in his return …
Notional interest on loans-advances when no such agreement – It is not necessary to pay interest in the absence of such arrangement. Additions made deleted by ITAT ABCAUS Case Law Citation: 988 2016 (08) ITAT Assessment year: 2010-11 Date/Month of Judgment/Order: August, 2016 Brief Facts of the Case: The …
Service tax on short term hotel accommodation less than 3 months u/s 65 (105)(zzzzw) is unconstitutional – Delhi High Court ABCAUS Case Law Citation: 987 2016 (08) HC Date/Month of Judgment/Order: August 2016 Important Case Laws relied upon: K. Damodarasamy Naidu v. State of Tamil Nadu (2000) 1 …
