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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 …
Interest expenditure Disallowance u/s 36(1)(iii) for interest free loan-Allahabad High Court says business expediency not a must, earlier Division Bench decision was not a good law, pronounced in ignorance. ABCAUS Case Law Citation: ABCAUS 1166 (2017) (03) HC The Grievance: The appellant assessee was aggrieved by part of the …
Empanelment to act as observers at ICAI exam May-June 2017. Eligibility criteria, Honorarium and Duties. Last date to respond 31st March 2017 13-CA (Exams)/Observer Empanel /May -June 2017 …
CSR-Show cause notices issued to 1018 companies for 2014-15 for violation of Section 135,134(3) (o) of the Companies Act 2013 Ministry of Corporate Affairs PIB Press Release dated 10-March, 2017 CSR by companies Show cause notices have been issued to 1018 companies for 2014-15 for violation of Section 135 …
Exchange of old currency notes grace period after 30-12-2017 Submission of old currency notes of Rs. 500 and Rs. 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 The Specified Bank Notes (Cessation …