Month: May 2017
CBDT signed two Unilateral APA with Indian taxpayers related to chip design/development of embedded software and IT software development sectors Central Board of Direct Taxes (CBDT) signs 2 Unilateral Advance Pricing Agreements (APA) with Indian taxpayers taking the number of APAs signed in the current Financial Year to …
Penalty 272A(2)(k)-Accountant left services was reasonable cause. If TDS + interest paid and statements filed though belatedly there was no loss to Revenue – ITAT ABCAUS Case Law Citation: ABCAUS 1257 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …
Handling-distribution loss in dealing wholesale poly pack milk allowed. The nature of business demanded such losses and the percentage incurred was consistent. ABCAUS Case Law Citation: ABCAUS 1256 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner of Income Tax …
24 Hour Free Wi-Fi facility at 28 Railway Stations of Konkan. JOISPOT Free Wi-Fi mobile app to provide 2 MBPS high speed wireless internet with unlimited upload Ministry of Railways 21-May, 2017 Press Release Inauguration of Free Wi-Fi facility at 28 Railway Stations Minister of Railways Shri …
ECI EVM Challenge-doubts could only become more appalling than irrelevant. Only external wireless device/Transmitter can be used to alter the EVMs. Election Commission of India (ECI) has finally bowed down to the demand of the political parties to accept a challenge to show that EVMs are actually not …
Reopening us 147 on the basis of photocopy document bad as it has been judicially held that photo copies have very little or no evidentiary value – ITAT ABCAUS Case Law Citation: ABCAUS 1255 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed …
Assessment us 153C based on paper not belonging to assessee held as bad. Shifting the burden on assessee without making basic enquiries to unearth truth of the document can not be accepted-Delhi High Court ABCAUS Case Law Citation: ABCAUS 1254 (2017) (05) HC The Grievance: The appellant Revenue …
The violation, if any, of the provision of a State Act, should not come in the way of processing the application filed u/s 80G, unless the provisions of the Income Tax Act require examination of the same- ITAT ABCAUS Case Law Citation: ABCAUS 1253 (2017) (05) ITAT The …
Benefit of 30% Disallowance u/s 40(a)(ia) prior to 2015 amendment be given to assessee else AO should confirm if parties have deposited tax or not – ITAT ABCAUS Case Law Citation: ABCAUS 1252 (2017) (05) ITAT The Grievance: The appellant assessee had challenged the order passed by the …
Advertisement of coaching-teaching activities by CA in practice amounts to indirect solicitation amounting to misconduct liable for disciplinary action-ICAI ICAI ANNOUNCEMENT Re: Advertising by members in practice engaged in Coaching/Teaching activities Regulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not …