Month: November 2017
MCA-No requirement of separate uploading Forms 49A-49B related to PAN-TAN after filing SPICe e-forms with effect from 6PM of 4th November 2017 As part of its continuous efforts for simplifying Incorporation related process for providing Ease of Doing Business to stakeholders, MCA will be dispensing with the requirement …
Addition based on judicial precedence in other cases unsustainable without first addressing the factual inadequacy of assessee’s explanation – ITAT ABCAUS Case Law Citation: ABCAUS 2112 (2017) (11) ITAT The Challenge/Grievance: The appellant assessee had challenged the correctness of the order passed by CIT(A) confirming the additions …
Cash received over and above land registry price treated as capital gain for taxation purpose. Addition on account of unexplained income deleted – ITAT ABCAUS Case Law Citation: ABCAUS 2111 (2017) (11) ITAT Brief Facts of the Case: A sum of Rs. 12,50,000/- was deposited by the appellant …
Implementing Electronic Sealing for Containers by exporters under self-sealing procedure-Further Clarifications Circular No. 41 / 2017-Customs F. No: 450/08/2015-Cus.IV Government of India Ministry of Finance Dept. of Revenue Central Board of Excise and Customs ***** Dated, the 30th October, 2017 North Block, New Delhi To, All Principal Chief …
Judicial proceedings and records thereof are public records for RTI purpose even if the person not a party to the judicial proceedings under reference – CIC The Appellant had filed a complaint against the Management of a Church before the Metropolitan Magistrate Court. The appellant subsequently filed a RTI application, seeking Copy …
Maximum age of joining NPS increased from existing 60 to 65 years. any Indian Citizen, resident or non-resident, between age of 60- 65 years, can join NPS Press Information Bureau Government of India Ministry of Finance 01-November-2017 17:08 IST Maximum age of joining National Pension System (NPS) increased …
Adding new source of income by CIT-A is beyond his powers u/s 251 of Income Tax Act if such new source is not dealt with by the Assessing Officer – High Court ABCAUS Case Law Citation: ABCAUS 2110 (2017) (11) HC Important Case Laws Cited/relied upon by …
Supreme Court explains scope and interpretation of Section 44BB of the Income Tax Act 1961. Provisions of Sections 5 and 9 not excluded where Section 44BB is opted ABCAUS Case Law Citation: ABCAUS 2109 (2017) (11) SC Brief Facts of the Case: For computation of profits and gains …