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IDS-2016 Declarations shall not be reflected in Online Form 26AS or OLTAS for confidentiality purpose. It shall not be shared even with jurisdictional CIT

IDS-2016 Declarations shall not be reflected in Online Form 26AS or OLTAS for confidentiality purpose. It shall not be shared even with jurisdictional CIT  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 15th September, 2016 PRESS RELEASE Sub : The …

Search warrant in the name of assessee and family members. The word family can not be stretched to include spouse, daughter or children – Rajasthan HC

Search warrant in the name of assessee and family members. The word ‘family members’ can not be stretched to include wife, spouse, daughter or children, a person should be specifically named in the search warrant – Rajasthan High Court. ABCAUS Case Law Citation: 1016 (2016) (09) HC Brief Facts …

FAQ-Direct Tax Dispute Resolution Scheme 2016-CBDT issues 14 questions and answers vide Circular No. 33/2016

FAQ-Direct Tax Dispute Resolution Scheme 2016-CBDT  Circular No.33 of 2016 F.No.142/11/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division)  Dated: 12th September, 2016 Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 The Direct Tax Dispute Resolution Scheme, 2016 (hereinafter …

Amendment to Schedule-V Remuneration payable by companies having no profit or inadequate profit without Central Government approval

Amendment to Schedule-V Managerial Remuneration by companies having no profit or inadequate profit without Central Government approval-MCA Notification Government of India Ministry of Corporate Affairs Notification New Delhi, 12th September, 2016 SO……(E).- In exercise of the powers conferred by sub-sections (l) and (2) of section 467 of the Companies …

Recording two separate reasons for reopening u/s 147 148 bad as it itself shows non-application of mind and assumption of wrong jurisdiction – ITAT

Recording two separate reasons for reopening u/s 147 148 bad as it itself shows non-application of mind and assumption of wrong jurisdiction – ITAT ABCAUS Case Law Citation: 1014 (2016) (09) ITAT Brief Facts of the Case: In the instant case, the assessee was aggrieved by the order …

Commissioner can allow fresh deduction claim u/s 264 under revision petition without requirement of filing of revised income tax return – Kerala High Court

Commissioner can allow fresh deduction claim u/s 264 under revision petition without requirement of filing of revised income tax return – Kerala High Court ABCAUS Case Law Citation: 1012 (2016) (09) HC Important Judgments Cited: Parekh Brothers v. Commissioner of Income Tax Goetze (India} Ltd. v. Commissioner of Income Tax …