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Finance Minister holds 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware &Software) Group

Finance Minister holds 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware &Software) Group Press Information Bureau  Government of India Ministry of Finance 11-December-2017 18:49 IST The Union Finance Minister Shri Arun Jaitley holds his 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware &Software) Group;Highlights the steps …

Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year-SC

Exemption u/s 80IB ineligible if undertaking do not remain SSI in a particular assessment year even if in initial year eligibility was satisfied.-Supreme Court ABCAUS Case Law Citation: ABCAUS 2143 (2017) (12) SC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against …

Mere not recording of transactions not make them undisclosed if entries are verifiable from other primary records

Mere not recording of transactions not make them undisclosed if entries are otherwise verifiable from other primary books. High Court upheld ITAT judgment ABCAUS Case Law Citation: ABCAUS 2142 (2017) (12) HC The Challenge/Grievance: The instant appeal was filed by the Income Tax Department (the Revenue/Department) against the …

Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors -High Court

Execution of registered sale deed adjusting cash credit entries in books establishes identity of depositors of money beyond doubt-High Court upheld deletion of additions made u/s 68 ABCAUS Case Law Citation: ABCAUS 2140 (2017) (12) HC The Challenge/Grievance: This instant appeal was filed by the Revenue under Section …