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Holding up to 51 percent equity-voting power in information utility allowed by IBBI Regulations, 2017

Holding up to 51 percent equity-voting power in information utility allowed by IBBI (Information Utilities) Regulations, 2017 dated 29th September, 2017 Press Information Bureau  Government of India Ministry of Corporate Affairs 05-October-2017 18:40 IST IBBI notifies the IBBI (Information Utilities) (Amendment) Regulations, 2017 IBBI had notified the IBBI (Information …

Penalty 271(1)(c) for interchanging opening wdv of fixed assets with assets of higher depreciation rate

Penalty 271(1)(c) for mistakenly interchanged opening wdv of fixed assets with block of assets admissible a higher rate of depreciation   ABCAUS Case Law Citation: ABCAUS 2089 (2017) (10) ITAT The Challenge/Grievance: The appellant assesseeschallenged the order passed by the CIT(A) confirming action of Assessing Officer  (AO) in …

Taxpayers consent to e-proceedings migration-format of letter

Format of Letter for Consent of taxpayers and Letter for Migration of Email Based E-Assessment in E-Proceeding   Annexure-A: Migration of email based E-Assessment to E-Proceedings in ITBA Dear Taxpayer, Subject: Migration of ongoing scrutiny proceedings from ‘e-mail based communication’ to ‘E-Proceeding’ on Income-Tax Business Application (ITBA) platform …