Month: September 2016
Disciplinary proceedings against managing committee of ICAI Chandigarh Branch stayed by P&H High Court in a case of democratic selection of branch chairman. This indeed puts a question mark on the endeavour of ICAI in upholding the democratic principles enshrined in the Chartered Accountants Act, 1949 and rules governing it. …
Income Tax Notice by Speed Post held not served properly as it returned back and was not sent by registered post to qualify u/s 27 of General Clauses Act as per judgment of Supreme Court – ITAT ABCAUS Case Law Citation: 1026 (2016) 09 ITAT Main Ground of appeal: …
Addition for shortage in food grain stock ignoring excess quashed as it was made on the basis of earlier years agreed additions only – ITAT ABCAUS Case Law Citation: 1024 (2016) (09) ITAT Assessment Year: 2010-11 Brief Facts of the Case: The assessee was engaged in the trading of …
Addition for incorrect salary in form 26AS of IAS Officer quashed in view of contradiction in certificate by Chief Treasury Officer and Form 26AS – ITAT ABCAUS Case Law Citation: 1023 (2016) 09 ITAT Assessment Year 2011-12 Brief Facts of the Case: The assessee was an IAS Officer …
Companies Management and Administration Amendment Rules 2016. Changes related to Shareholders Register MGT-1, shareholding position MGT-10 and MGT-6 Government of India Ministry of Corporate Affairs Notification New Delhi, 23rd September, 2016 G.S.R. 908(E).-In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, …
Double depreciation claim by charitable trust allowed as application of income up to 31-03-2014 as it has been barred u/s 11(6) from AY 2015-16-ITAT ABCAUS Casse Law Citation: 1022 (2016) (09) ITAT AY 2005- 06 and AY 2010-11 Brief Facts of the Case: The present appeal(s) was filed …
Setting up of Customs Clearance Facilitation Committee (CCFC) for Land Customs Stations and Inland Container Depots. Circular No.44/ 2016 – Customs F. No. 450/115/2016-CUS.-IV Govt. of India Ministry of Finance Department of Revenue Central Board of Excise & Customs To, New Delhi, dated the 22nd September , 2016 …
Number of Advance Pricing Agreements by CBDT crosses 100. APA Scheme was introduced in 2012 and Rollback provisions were introduced in 2014. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 23rd September, 2016. PRESS RELEASE Sub: Number of Advance Pricing …
Service Tax Exemption to State Govt Industrial Development Corporations/ Undertakings for granting long term lease of industrial plots u/s 66B GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE NOTIFICATION No. 41/2016-Service Tax New Delhi, the 22nd September, 2016 GSR_______(E).- In exercise of the powers conferred by sub-section …
Withdrawal of clarification u/s Section 138 of the Income tax Act regarding disclosure of information of assessee to authorities-CBDT F. No. 225/120/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, Dated the 22nd of September, 2016 Subject : …
