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The marginal fall in GP ratio compared to preceding year and non-incurring of expenditure like travelling, telephone, salary, etc. are not the relevant reasons for rejecting of books of accounts under section 145 of the Income Tax Act – ITAT ABCAUS Case Law Citation: 1010 2016 (09) ITAT …
Investor Education and Protection Fund IEPF unpaid dividend account effective date 07-09-2016 for u/s 124/125. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th September, 2016 S.O. 2866(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Companies Act, 2013 (18 of 2013), the …
Work assigned to sub-contractors or payments made to them not part of total turnover us 6B of the Karnataka Sales Tax Act 1957 – Supreme Court ABCAUS Case Law Citation: 1009 2016 (09) SC Important Judgments Cited: State of Andhra Pradesh & Ors. v. Larsen & Toubro Limited …
Private PF Trusts with closed establishments since long. Funds are not safe with such Trust running illegally and vulnerable to frauds-EPFO Employees’ Provident Fund Organisation Bhavishya Nidhi Bhawan,14- Bhikaji Cama Place, New Delhi -110066 No. C-Ex/32(1)/15/BR/SRO/MUZ/CE/EZ/10249 …
Special Investigation Team SIT on Black Money asks RBI to develop institutional mechanism to track illicit financial flows out of country Ministry of Finance Press Release Dated: 05/09/2016 Special Investigation Team (SIT) on Black Money asks RBI to develop institutional mechanism to track illicit financial flows out of …
Service Tax Mega Exemption telecom service provider or use of radio spectrum frequency by a business entity prior to 01/04/2016 CBEC vide service tax notification no. 22/2016 had amended Mega Exemption Notification by providing exemption to services provided by Government or a local authority by way of allowing a …
There is no hard and fast rule of earning same net profit rate over different years. Additions made without any plausible reason or rejecting books of accounts bad – ITAT ABCAUS Case Law Citation: 1008 2016 (09) ITAT Assessment Year: 2010-11 Brief Facts of the Case: The appellant …
No Extension of Income Disclosure Scheme IDS 2016 after closure of deadline of 30-09-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 2nd September, 2016. Subject : The Income Declaration Scheme 2016- reg The Income Declaration Scheme, 2016 …
Interest waiver-reduction u/s 220(2A) denial for threat by the assessee not justified. The satisfaction must be arrived at with reference to the prescribed three conditions -Kerala High Court. ABCAUS Case Law Citation: 1007 2016 (09) HC Brief Facts of the Case: The Petitioner assessee was aggrieved by the rejection by …
No enquiry-investigation for IDS 2016 documents found in Search u/s 132 or Survey action u/s 133A of the Income-tax Act 1961. Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan …
