• Income Tax

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

9 years ago

Penalty us 271(1)(c) if assessee agreed disallowance to buy peace. Merely because assessee agreed addition, he can not be saddled…

  • Income Tax

Notional interest on loans-advances when no such agreement – It is not necessary to pay interest in absence of such arrangement. Additions deleted by ITAT

9 years ago

Notional interest on loans-advances when no such agreement - It is not necessary to pay interest in the absence of such…

  • Service Tax

Service tax on short term hotel accommodation less than 3 months u/s 65 (105)(zzzzw) is unconstitutional – Delhi High Court

9 years ago

Service tax on short term hotel accommodation less than 3 months u/s 65 (105)(zzzzw) is unconstitutional - Delhi High Court…

  • Income Tax

IDS Scheme 2016 Amendment in Form-2 Form-3 related to Acknowledgement and Payment Intimation CBDT Notification No. 70/2016

9 years ago

IDS Scheme 2016 Amendment in Form-2 Form-3 related to Acknowledgement and Payment Intimation  MINISTRY OF FINANCE (Department of Revenue) (CENTRAL…

  • Income Tax

Adverse view on evidence without opportunity to cross examine witness by the assessee is wrong – ITAT

9 years ago

Adverse view taken on evidence without opportunity to cross-examine It is settled proposition of law that whenever the AO intends to…

  • Income Tax

CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income and revised return not accepted – ITAT

9 years ago

CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income…

  • Income Tax

CBDT extends IDS Form-2 acknowledgment issuance time to 30 days from 15 days for declarations filed under IDS Scheme in the month of July 2016

9 years ago

CBDT extends IDS Form-2 acknowledgment  issuance time to 30 days from 15 days for declarations filed under IDS Scheme in…

  • Income Tax

Amendment to convention Between India-Mauritius DTAA and Prevention of fiscal evasion of income taxes, capital gains, mutual trade-investment encourgement

9 years ago

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th August, 2016 (INCOME-TAX) S.O. 2680(E).—Whereas, a Protocol amending the…

  • Income Tax

Rent held Business Income not House Property income when the business of the company was to lease its property and to earn rent-Supreme Court

9 years ago

Rent held Business Income not House Property income  When the the assessee company had only one business and that is of…

  • Service Tax

Service tax on freight forwarders on transportation of goods from India when freight forwarders act as agent or principal-Circular

9 years ago

Service tax on freight forwarders on transportation of goods from India when freight forwarders act as agent or principal. Circular…