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Disallowances u/s 32 40aia 40A3 43B etc. Higher profit-linked Chapter VI-A deduction claim to be allowed as per Judicial view. CBDT Circular 37/2016

Disallowances u/s 32 40aia 40A3 43B etc. Higher profit-linked Chapter VI-A deduction claim to be allowed as per Judicial view. CBDT Circular 37/2016

November 2, 2016 Income Tax
Disallowances u/s 32 40aia 40A3 43B etc. Higher profit-linked Chapter VI-A deduction claim to be allowed as per Judicial view. CBDT Circular 37/2016 CIRCULAR NO. 37/2016 F.No.279 /Misc.I 140/2015I ITJ Government of India Ministry of Finance, Department of Revenue Central Board of Direct Taxes New Delhi, Dated 2nd …
Bihar Electricity Regulatory Commission Exemption us 10(46) to income from government grants, processing fee, grants and fee received

Bihar Electricity Regulatory Commission Exemption us 10(46) to income from government grants, processing fee, grants and fee received

November 2, 2016 Income Tax
Bihar Electricity Regulatory Commission Exemption us 10(46) to  income from government grants, processing fee, grants and fee received MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2016 New Delhi, the 27th October, 2016 S.O. 3336(E).—In exercise of the powers conferred by clause (46) …
Shortlisted International Law Firms to represent Govt. in arbitrations/Disputes under Bilateral treaties/economic agreements etc

Shortlisted International Law Firms to represent Govt. in arbitrations/Disputes under Bilateral treaties/economic agreements etc

November 1, 2016 Income Tax
shortlisted International Law Firms to represent Govt. in arbitrations/Disputes under Bilateral treaties/economic agreements  etc. Government of India Ministry of Finance Department of Economic Affairs Investment Division North Block New Delhi Dated: 31st October, 2016 SUBJECT – Request for Proposal for engagement of international and/or domestic law fims for …
Shri Sushil Chandra takes over as the Chairman, CBDT

Shri Sushil Chandra takes over as the Chairman, CBDT

November 1, 2016 Income Tax
Sushil Chandra is the new Chairman CBDT Ministry of Finance Press Release 01-11-2016 Shri Sushil Chandra takes over as the Chairman, Central Board of Direct Taxes (CBDT). Shri Sushil Chandra, IRS (1980 Batch), today took over as the Chairman, Central Board of Direct Taxes (CBDT).He succeeds Ms Rani …
All Industry Drawback Rates-Key Changes by Revised Custom Notification No. 131/2016 which comes into force on 15.11.2016

All Industry Drawback Rates-Key Changes by Revised Custom Notification No. 131/2016 which comes into force on 15.11.2016

November 1, 2016 Custom
All Industry Drawback Rates-Key Changes by Revised Custom Notification No. 131/2016 which comes into force on 15.11.2016 Circular No. 50/2016-Customs F. No. 609/83/2016-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 31st October, 2016 To Principal Chief Commissioners …
Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

November 1, 2016 High Courts, Income Tax, Judgments
Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat High Court. ABCAUS Case Law Citation: 1046 (2016) (10) HC Important Case Law Cited: Pravinbhai M. Kheni v. Assistant Commissioner of Income-tax Brief Facts …
Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside

Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside

November 1, 2016 High Courts, Income Tax, Judgments
Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside-Bombay High Court ABCAUS Case Law Citation: 1045 (2016) (10) HC Assessment Year 2015­16 The Challenge: The petition under Article 226 of the Constitution of  India …