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Personal fine imposed on PrCITs for filing frivolous appeals waived by division bench of High Court. A fine of Rs. 50000/- each was imposed on 2 PrCIT and one ACIT. The Income Tax Department (appellant) had filed an intra-Court appeal against the order passed by the Single Judge …
AO can not ask indemnity bond for future tax liability for release of seized assets u/s 132B(1)- High Court deleted the relevant paragraph of the release order. In the instant case, the petitioner assessee had challenged the part of the release order passed by the Income Tax Officer …
Monitoring the performance of insolvency professionals under the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunder Insolvency And Bankruptcy Board Of India (IBBI) has brought a discussion paper on the subject of monitoring the performance of insolvency professionals under the Code. The discussion paper is limited to …
80HHC deduction entitlement to supporting manufacturer who receives export incentives as duty draw back, Duty Entitlement Pass Book etc.-SC refers the question to larger Bench The instant judgment was given in a batch of appeals filed by the Revenue in relation to the interpretation of the provisions contained …
Guidelines issued by CPC for claiming Exemption u/s 10 & 11 As per the provisions of Income Tax Act, the exemption of income under sections 10 and 11 is governed by certain statutory conditions and procedures. In order to assist you in complying with these conditions and procedures, …
Deduction allowed as per Guidance Note of ICAI for lease equalization charges as there was no express bar in Income Tax Act regarding bifurcation of lease rental-SC A batch of appeals had been filed by the Income Tax Department (Revenue) against the judgment and order passed by the …
Stock Appreciation Rights received prior to 01.04.2000 not perquisite u/s 17(2)(iiia) such provisions being not retrospective-Supreme Court The Revenue had filed the instant appeal against the judgment of the High Court in upholding that the amount received on redemption of Stock Appreciation Rights (SARs) was to be …
Special Court u/s 435(1) of Companies Act 2013 for State of UP Government of India Ministry of Corporate Affairs Notification New Delhi, the 23rd April, 2018 S.O……(E).-In exercise of the powers conferred by sub section (1) of section 435 of the Companies Act, 2013 (18 of 2013) , …
One day extension of Condonation of Delay Scheme 2018 to 01.05.2018 General Circular No. 03/2018 F. No. 02/04/2017-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 27.04.2018 To, All Regional Directors, All Registrars of Companies, All Stakeholders. …
GST Revenue Collections for the Financial Year 2017-18 stands provisionally at Rs. 7.41 lakh crore including collection of July 2017 GST Revenue Collections for the Financial Year 2017-18 Total Revenue of Rs. 7.19 lakh crore collected under GST in the period between August 2017 and March 2018 During …
