• RBI

Global Volatility-India was better prepared. India should try to take sensible measures without getting too ambitious, as we have done so far-Governor RBI.

10 years ago

Global volatility-India was better prepared. India should try to take sensible measures without getting too ambitious, as we have done…

  • RBI

Strengthening Free Enterprise in India – from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive-Raghuram Rajan, Governor RBI

10 years ago

Strengthening Free Enterprise in India - from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive. Reserve Bank…

  • Income Tax

Fresh tangible material not required to reopen if return processed u/s 143(1) and intimation is sent. AO to form only reasons to believe that income escaped-Delhi High Court

10 years ago

Fresh tangible material not required to reopen an assessment where the initially the return of income is processed u/s 143(1) and an…

  • Income Tax

CBDT Instruction 1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking the pre-dominant view of various High Courts

10 years ago

CBDT Instruction 1916 dated 11-05-1994 cbdt-instruction-1916 Jewellery relief is applicable to additions also. This is held by ITAT Delhi taking…

  • Income Tax

Addition for Jewellery in daughter-in-laws bedroom locker found during search operation u/s 132 deleted when she was having separate sources of income

10 years ago

Jewellery found in daughter-in-law's bedroom locker of at the time of search u/s 132 can not be added to the assessee's income…

  • Income Tax

Principle of Mutuality-Revision u/s 263 was bad When assessee claimed exemption on principle of mutuality in the return and AO also made detailed inquiries

10 years ago

When the assessee claimed exemption on the principle of mutuality in the return of income and the AO also made…

  • Income Tax

Reopening us 147 based on merely tax evasion petition bad as AO did not apply mind

10 years ago

Reopening  us 147 based on merely tax evasion petition itself bad in law as the AO had not satisfied himself before…

  • Service Tax

Service Tax Mega Exemption Government-local authority Amendments. Notification No. 26/2016. Turnover limit not to apply in certain cases

10 years ago

Service Tax Mega Exemption Government local authority Amendments GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 26/2016-Service…

  • Excise/Custom

Customs Bonded Warehouses Code Allotment so that importers can declare where goods shall be deposited-Custom Circular No. 19/2016.

10 years ago

Customs Bonded Warehouses Code Allotment so that importers can declare where goods shall be deposited Circular No. 19 /2016 -Customs…

  • Excise/Custom

Licensing of Special Warehouses us 58A clarification regarding transitional provisions relating to custom duty Free Shops/Ship stores/Airline Stores etc.

10 years ago

Licensing of Special Warehouses u/s 58A clarification Circular No. 20/ 2016 – Customs F.No: 473/05/2015 – LC Govt. of India…