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NPAs shows declining trend in last quarter of current financial year. Main defaulter are few large corporates in steel, power, infrastructure & Textile Sector Ministry of Finance Press Release (PIB) 15-March, 2017 FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter …
Change of date of birth of Employees Pension Fund member to be approved by Officer lncharge of the concerned office. Clarification by EPFO EMPLOYEES’ PROVIDENT FUND ORGANISATION Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi 110 066. No.Pension-ll/instructions/Guidelines/2016-17/33314 …
Disallowance us 40(a)(ia) deleted on non CA certificate basis. In the interest of justice and fair play ITAT set aside matter to AO for examination ABCAUS Case Law Citation: ABCAUS 1170 (2017) (03) ITAT The Grievance: The assessee was aggrieved by the order of CIT(A) upholding disallowance …
PMKGY 2016-Existence of deposit in bank-cash in hand or deposits in an account maintained with a specified entity on the date of filing declaration F. No.142/33/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Circular No. 9 of 2017- Income …
Appeal delay condonation-when assessee not stand to gain by delaying filing appeals, reasons stated under oath in affidavit cannot be disbelieved – ITAT ABCAUS Case Law Citation: ABCAUS 1169 (2017) (03) ITAT Assessment Year : 2011-12 to 2013-14 Date/Month of Pronouncement: March 2017 Brief Facts of the Case: There …
CBEC Master Circular-Show Cause Notice Adjudication and Recovery. It shall override Excise Manual of Supplementary Instructions to the extent of conflict. Circular No. 1053/02/2017-CX F.No. 96/1/2017-CX.I Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Dated the 10th March, 2017 To, The Principal …
Not allowing cross examination legally or factually incorrect. It was strange that FFA held that non providing such opportunity would not vitiate proceedings-ITAT ABCAUS Case Law Citation: ABCAUS 1168 (2017) (03) ITAT Assessment Year : 2005-06 Date/Month of Pronouncement: March, 2017 Brief Facts of the Case: A …
Lok Sabha Passes the Admiralty Bill 2016. The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 was passed by Lok Sabha yesterday Ministry of Shipping PIB Press Release 11-March, 2017 Lok Sabha Passes the Admiralty Bill 2016 The Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 …
Exemption us 11 can not be denied if not filled in Schedule-F when the verification clause of ITR-7 was duly filled – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1167 (2017) (03) HC Question for determination: Whether the finding of the Tribunal that Schedule-F to the …
Demonetisation adverse impact was transient and felt mainly in November and December 2016. The impact moderated significantly in January 2017-RBI Macroeconomic Impact of Demonetisation- A Preliminary Assessment Reserve Bank of India March 10, 2017 Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit …