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Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National Awards for 2016

Election Commission Applauds Income Tax Department in their role during Elections held in 2016. Election Commission of India (ECI) National Awards for 2016  Government of India Ministry of Finance Department  of Revenue Central Board of Direct Taxes New Delhi, 27th January, 2017. Press Release Election Commission of India …

Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) – ITAT

Filing adjournment application at closing office hours. CIT(A) was justified in passing ex-parte order upholding penalty u/s 272A(1)(c) – ITAT   ABCAUS Case Law Citation: ABCAUS 1111 (2017) (01) ITAT Assessment Year : 2012-13 Date of Pronouncement: 19-01-2017 Important Case Laws Cited/relied upon: Smt. Rekha Rani Vs. DCIT …

Business Sentiments for Q4:2016-17 Declines-RBI Survey. 76th round of RBI Industrial Outlook Survey (IOS) was conducted during Oct-Dec 2016

Business Sentiments for Q4 2016-17 Declines-RBI Survey Decline in Overall Business Sentiments for Q4:2016-17: RBI’s Industrial Outlook Survey finds The 76th round of the Reserve Bank of India’s Industrial Outlook Survey (IOS) indicated a decline in business sentiments. This round of the survey was conducted during October-December 2016. …

CBDT Clarifications on GAAR provisions. General Anti Avoidance Rule shall be effective from AY 2018-19 onwards

CBDT Clarifications on GAAR provisions under the Income Tax Act, 1961 Ministry of Finance Dated: 27/01/2017 Press Release Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961   The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year …

FAQ implementation of GAAR provisions under Income Tax Act 1961 which comes into force from 01/04/2017. CBDT Circular 7/2017

FAQ implementation of GAAR provisions under Income Tax Act 1961. General Anti-Avoidance Rule comes into force from 01/04/2017 Circular No. 7 of 2017 F.no. 500/43/2016-FT&TR-IV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Date 27/01/2017 Clarifications on implementation of GAAR provisions under …

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT

Form 10B income accumulation amount inadvertent mistake. Income Tax authorities were misconceived in denying the claim for the difference-ITAT   ABCAUS Case Law Citation: ABCAUS 1110 (2017) (01) ITAT Assessment Year : 2003-04 Date of Pronouncement: 20-01-2017 Brief Facts of the Case: The assessee was a charitable trust …