• Income Tax

No Violation us 269SS-loan accepted passing journal entries. Penalty 271D can not be levied for acknowledgment of loan by passing journal entries

10 years ago

No Violation us 269SS-loan accepted passing journal entries. When the loan is accepted by acknowledgement of debt by passing journal…

  • Income Tax

EVC of e-returns from AY 2009-10 to 2014-15 pending due to non-receipt of ITR-V at CPC latest by 31-08-2016-CBDT Notification-13/2016

10 years ago

EVC of e-returns from AY 2009-10 to 2014-15 pending due to non-receipt of ITR-V at CPC latest by 31-08-2016-CBDT Notification-13/2016…

  • Labour Laws

Transparent labour inspection scheme-Revamp of System in Labour, Mines Safety, EPFO, ESIC

10 years ago

Transparent labour inspection scheme-Revamp of System in Labour,  Mines Safety, EPFO and ESIC Ministry of Labour and Employment-Press Release dated…

  • Excise/Custom

Duty Drawback Scheme Re-export examination report on shipping bill to be separate, self-contained and explicit on identity and use. Circular No. 16/2016

10 years ago

Duty Drawback Scheme Re-export examination report on shipping bill to be separate, self-contained and explicit on identity and use Circular…

  • Companies Act

Revised GNL-1 GNL-4 Form. Amendment to Companies (Registration Offices and Fees) Rules, 2014-MCA Notification dated 06/05/2016

10 years ago

Revised GNL1 GNL4 Form. Amendment to Companies (Registration Offices and Fees) Rules, 2014-MCA Notification dated 06/05/2016. GNL-1 As per Rule…

  • Income Tax

Penalty 271(1)(c) quashed for non-malafide conduct to evade tax payment for 68 years aged retired scientist not conversant with Income Tax Act

10 years ago

Penalty 271(1)(c) quashed for non-malafide conduct to evade tax payment in the case of 68 years aged retired scientist not very much conversant with the…

  • Income Tax

Addition made as stop gap arrangement till TDS return revised to ascertain the true nature of the transactions set aside-ITAT

10 years ago

Addition made as stop gap arrangement till TDS return revised to ascertain the true nature of the transactions set aside by ITAT…

  • Income Tax

Payments to foreign professional firms by Indian CA firm for audit, taxation, VAT services not fee for technical services for disallowance u/s 40(a)(ia)

10 years ago

Payments to foreign professional firms by Indian CA firm for audit, taxation, VAT services not fee for technical services  for…

  • Income Tax

DVO Reference u/s 55A condition u/s 50C applies only when stamp duty value is higher than the sales consideration as per agreement-ITAT

10 years ago

DVO Reference u/s 55A condition u/s 50C applies only when stamp duty value is higher than the sales consideration as per agreement. This…

  • Income Tax

Assessee entitled to option u/s 112(1)(a) for indexation/ non-indexation and pay tax on capital gains @20% or 10%. Benefit cannot be denied merely for not filing details in income return.

10 years ago

Assessee entitled to option u/s 112(1)(a) for indexation/ non-indexation and pay tax on capital gains @20% or 10%. Benefit cannot be denied merely for…