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Additions u/s 28(iv) not apply to benefits received in cash-money. ITAT quashed additions made alleging customers advances opening balances as bogus

Additions u/s 28(iv) not apply to benefits received in cash-money. ITAT quashed additions made by Assessing Officer alleging opening balances of customers advances as bogus. ABCAUS Case Law Citation: 1000 2016 (08) ITAT The Prelude: It has bee widely held in numerous judgments that additions u/s 68 can not …

Streamlining process of NOC Port Clearance Certificate voyage return-assessment of Foreign Shipping Companies (FSCs) – CBDT Circular 30/2016

Streamlining process of NOC Port Clearance Certificate voyage return and assessment of Foreign Shipping Companies  Circular No. 30/2016 F. No: 500/05/2014-FTD-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax Research Division – II FT & TR-V Section New …

Revised guidelines for disposal of custom confiscated goods through Army Canteens/CSD, NCCF/Kendriya Bhandar etc. and discount

Revised guidelines for disposal of custom confiscated goods through Army Canteens/CSD, NCCF/Kendriya Bhandar etc. and discount Circular No. 39/2016-Customs F.No.711/01/2006-Cus(AS)/Pt. Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, the 26th August, 2016 To All Principal Chief Commissioners/Chief Commissioners of …

ITR due date extension to 30092016 in JK AY 2016-17 for Income-tax assessees in the state of Jammu & Kashmir for dislocation of general life-CBDT Order

ITR due date extension to 30092016 in JK AY 2016-17  F. No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 26th of August, 2016 Order under Section 119 of the Income-tax Act, 1961 On consideration …

Provisional Assessment us 18 of Customs Act 1962-Guidelines for obtaining bank guarantee or cash deposit security by classes of Importers-Circular

Provisional Assessment us 18 of Customs Act 1962-Guidelines for obtaining bank guarantee or cash deposit security by different classes of Importers. Circular No. 38/2016-Customs F.No: 465/01/2016–Cus V Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs Dated 22nd August 2016 To, All …