Month: February 2017
Assessment on the basis of AIR without notice us 143(2) void ab initio without jurisdiction and liable to be quashed, as no notice issued – ITAT ABCAUS Case Law Citation: ABCAUS 1141 (2017) (02) ITAT Assessment Year : 2006-07 Date/Month of Pronouncement: February, 2017 Brief Facts of the …
Expression of interest for panel of Actuaries by IRDA for a period of 3 years from 01-04-2017 to 31-03-2020. Online application to be made before 15-03-2017 In terms of the powers conferred under section 14(2)(e) of the IRDA Act 1999 as amended from time to time, the Insurance …
No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty u/s 271(1)(c) ABCAUS Case Law Citation: ABCAUS 1140 (2017) (02) ITAT The Grievance: The assessee is aggrieved with the levy of penalty u/s 271(1)(c) of the Income-tax Act, …
Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT ABCAUS Case Law Citation: ABCAUS 1139 (2017) (02) ITAT Assessment Year : 2009-10 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: Commissioner of Income …
Poem guidelines not applicable to companies with turnover or gross receipts up to Rs 50 crores Circular No 08 of 2017 F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 23rd February, 2017 Subject: Clarification for determination of Place …
DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC ABCAUS Case Law Citation: ABCAUS 1138 (2017) (02) HC The Substantial Question of Law in assessee’s appeal: Whether the finding recorded by the Tribunal to the effect that after …
Internship Programme of Department of Expenditure No.A-33025/01/2017-Ad .l Government of India Ministry of Finance Department of Expenditure North Block New Delhi, the 23rd February,2017 Subject : Internship Programme of Department of Expenditure The objective and guidelines/ salient feature s of the Internship Programme of the Department of Expenditure …
CBEC GST Mobile Application Download. Mobile application is downloaded free of cost on Android platforms. iOS version to follow soon. Ministry of Finance Press Release Dated: 23-02-2017 Central Board of Excise and Customs (CBEC) launches a Mobile Application for Goods and Services Tax (GST) to inform the taxpayers …
Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of prescribed challan and certain technical reasons. CBDT direction to banks F. No. 370/06/20 16-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block , New Delhi 22nd …
No Interference with findings of facts unless relevant evidence not considered or finding arrived by ITAT placing reliance on inadmissible evidence-Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1137 (2017) (02) HC Assessment Year : 2009-10 Date/Month of Pronouncement: February, 2017 Brief Facts of the Case: The appeal was admitted by the Lucknow …