Author: administrator

Peak credit theory not applicable if deposits are unexplained u/s 68. ITAT decision overruled where CA was entry provider

Peak credit theory not applicable if deposits are unexplained u/s 68. High Court overruled ITAT decision where CA was providing accomodation entries and could not explain the deposits in his bank account. The Court held that where assessee is unable to explain the sources of deposits and the corresponding …

Expression ‘derived’ is narrower then ‘attributable to’ in section 80IA or like sections – High Court

Expression ‘’derived’’ is narrower then ‘’attributable to’’ in section 80IA or like sections. Income derived from secondary source not the effective source, falls outside deductions – High Court   ABCAUS Case Law Citation: ABCAUS 2025 (2017) (08) HC Assessment Year :  2009-10 Important Case Laws Cited/relied upon by …

Reforms Measures in Economic Survey 2016-17 Highlights

Reforms Measures in Economic Survey 2016-17 Highlights. Agriculture/Food Management, Industry/Social Infrastructure, Employment & Human Development  Press Information Bureau  Government of India Ministry of Finance 11-August-2017 12:32 IST Highlights of Reforms Measures in the Economic Survey 2016-17 Volume-2  Agriculture and Food Management  Reforms: Managing and reducing the various risks in …

Highlights of the Economic Survey 2016-17

Highlights of the Economic Survey 2016-17 Press Information Bureau  Government of India Ministry of Finance 11-August-2017 12:33 IST Highlights of the Economic Survey 2016-17 Volume-2   Monetary Management and Financial Intermediation  The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance …