Author: administrator

Interest waiver-reduction u/s 220(2A) denial for threat by assessee not justified. Satisfaction must be arrived at as per prescribed 3 conditions-High Court

Interest waiver-reduction u/s 220(2A) denial for threat by assessee not justified. Satisfaction must be arrived at as per prescribed 3 conditions-High Court

September 2, 2016 High Courts, Income Tax, Judgments
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 during Search u/s 132 or Survey u/s 133A. Circular 32/2016

No enquiry-investigation for IDS 2016 documents found during Search u/s 132 or Survey u/s 133A. Circular 32/2016

September 2, 2016 Income Tax
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 …
Arrest for non payment of service tax without show cause notice void. Powers u/s 91 without SCN u/s 73A of Finance Act void-Delhi High Court

Arrest for non payment of service tax without show cause notice void. Powers u/s 91 without SCN u/s 73A of Finance Act void-Delhi High Court

September 1, 2016 High Courts, Judgments, Service Tax
Arrest for non payment of service tax without show cause notice quashed. Powers exercised u/s 91 without SCN u/s 73A of the Finance Act 1994 was contrary to the law and in violation of constitutional and fundamental rights under Article 21 of the Constitution-Delhi High Court ABCAUS Case Law: 1006 …
Form 15G-15H filing due date extension for quarterly furnishing of declarations to Oct and Dec 2016

Form 15G-15H filing due date extension for quarterly furnishing of declarations to Oct and Dec 2016

August 31, 2016 Income Tax
Form 15G-15H filing due date extension  F. No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17 Government of India Ministry of Finance Central Board of Direct Taxes (CBDT) Directorate of lncome-tax (Systems) New Delhi.                                       Notification No. 10/2016                                        …

Simplification and liberalisation of FDI Policy 2016 in various sectors to provide ease of doing business in the country

August 31, 2016 Foreign Direct Investment
Simplification and liberalisation of FDI Policy 2016 in various sectors Ministry of Commerce & Industry Press Release 31-08-2016 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post-facto approval for the FDI policy amendments announced by the Government on 20th June, 2016. The FDI …

Initiatives taken to revive Indian Construction Sector by the Government under the Chairmanship of Prime Minister Shri Narendra Modi

August 31, 2016 Press Release
Initiatives taken to revive Indian Construction Sector Press Release  31-August, 201 The Cabinet Committee on Economic Affairs under the Chairmanship of Prime Minister Shri Narendra Modi has approved today a series of initiatives to revive the Construction Sector. These initiatives include: (i)     PSUs/Departments may seek the consent of the …

Permanent Residency Status to Foreign Investors approved by Indian Government. PRS will be granted for a period of 10 years with multiple entry

August 31, 2016 Permanent Residency Status
Permanent Residency Status to Foreign Investors Press Release 31-August, 2016 The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the FDI Policy notified …
CPC Bengaluru deemed PrCIT-CIT for IDS 2016 e-declaration furnished electronically under digital signature u/s 183 of the Finance Act 2016

CPC Bengaluru deemed PrCIT-CIT for IDS 2016 e-declaration furnished electronically under digital signature u/s 183 of the Finance Act 2016

August 31, 2016 Income Tax
CPC Bengaluru deemed PrCIT-CIT for IDS 2016 e-declaration furnished electronically under digital signature u/s 183 of the Finance Act 2016 Circular No.31 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, dated 30th August, 2016 In continuation …