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IDS 2016-No announcement of number of IDS declarations received, amounts declared or taxes paid till closure of the scheme on 30-09-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 15th September, 2016 Press Release Sub: CBDT clarifies unconfirmed reports on …
No Vacancy allowance us 23(1)(c) if property actually not let out at all even for a single day during the previous year. There is no anomaly in the Law-ITAT ABCAUS Case Law Citation: 1017 (2016) (09) ITAT Assessment Year: 2009-10 Brief Facts of the Case: The appellant …
IDS-2016 waiver of penalty prosecution and application to pending litigation due to retrospective amendments. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 15th September, 2016 PRESS RELEASE Sub:- The Direct Tax Dispute Resolution Scheme, 2016 Litigation is a scourge for …
IDS-2016 Declarations shall not be reflected in Online Form 26AS or OLTAS for confidentiality purpose. It shall not be shared even with jurisdictional CIT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 15th September, 2016 PRESS RELEASE Sub : The …
Search warrant in the name of assessee and family members. The word ‘family members’ can not be stretched to include wife, spouse, daughter or children, a person should be specifically named in the search warrant – Rajasthan High Court. ABCAUS Case Law Citation: 1016 (2016) (09) HC Brief Facts …
FAQ-Direct Tax Dispute Resolution Scheme 2016-CBDT Circular No.33 of 2016 F.No.142/11/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 12th September, 2016 Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 The Direct Tax Dispute Resolution Scheme, 2016 (hereinafter …
Tax Audit report us/ 44AB filing due date for AY 2016-17 also extended to 17-10-2016-CBDT clarification regarding order u/s 119 dated 09-09-2016 F. No. 225/195/2016-ITA II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 14th of …
Amendment to Schedule-V Managerial Remuneration by companies having no profit or inadequate profit without Central Government approval-MCA Notification Government of India Ministry of Corporate Affairs Notification New Delhi, 12th September, 2016 SO……(E).- In exercise of the powers conferred by sub-sections (l) and (2) of section 467 of the Companies …
CA floated 90 companies for fake accommodation entries. However Reopening u/s 147 held bad as merely based on Investigation Wing Report which is without application of mind. ABCAUS Case Law Citation: 1015 (2016) (09) ITAT Brief Facts of the Case: A search operation u/s 132 of the Income-tax …
Recording two separate reasons for reopening u/s 147 148 bad as it itself shows non-application of mind and assumption of wrong jurisdiction – ITAT ABCAUS Case Law Citation: 1014 (2016) (09) ITAT Brief Facts of the Case: In the instant case, the assessee was aggrieved by the order …
