Author: administrator

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 …

Companies Mediation and Conciliation Rules 2016. CA CS CMA eligible for appointment as mediator/conciliator in the panel of experts

Companies Mediation and Conciliation Rules 2016. CA CS CMA eligible for appointment as mediator/conciliator in the panel of experts under section 442 MCA has notified the Companies (Mediation and Conciliation) Rules, 2016. Under Section 442 of the Companies Act, 2013, the Central Government is authorised to maintain a panel …

Income Tax Appeal tax effect limit do not include cess. Applicability of CBDT instruction for tax effect to be worked out without cess – ITAT

Income Tax Appeal tax effect limit do not include cess. Applicability of CBDT instruction for tax effect to be worked out without cess – ITAT ABCAUS Casse Law Citation: 1011 2016 (09) ITAT Assessment Year: 2010-11 Date/Month of Judgment/Order: September, 2016 Brief Facts of the Case: This appeal …

Extension of Income Tax ITR-Tax Audit Due Date AY 2016-17 to 17-10-2016 from 30-09-2016 due to clash of IDS-2016 declaration filing-CBDT Order u/s 119

Extension of Income Tax ITR-Tax Audit Due Date AY 2016-17 to 17-10-2016 from 30-09-2016 due to clash of IDS-2016 declaration filing. F.No.225/195/2016-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block. ITA.II Division New Delhi, the  9th September, 2016 Order under …