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SOP for verification of Cash deposits in bank post demonetisation.

SOP for verification of Cash transactions deposits in bank by Income Tax Officers post demonetisation. CBDT issues detailed Standard Operating Procedures  Instruction No. 03/2017 Government of India Ministry of FinanceDepartment of Revenue Central Board of Direct Taxes North Block, New Delhi Dated 21st of February, 2017 Subject: – …

Permanent injunction decree against judgment debtors legal representatives is executable. Maxim actio personalis moritur cum persona not applicable-SC

Permanent injunction decree against judgment debtors legal representatives is executable. Maxim actio personalis moritur cum persona not applicable-SC ABCAUS Case Law Citation: ABCAUS 1135 (2017) (02) SC Question involved: The question involved in the matter was executability of decree for permanent injunction against the legal representatives of judgment-debtor …

Non striking off clause in penalty notice u/s 271(1)(c) do not invalidate it. ITAT deviates from the Judgment of Karnataka High Court follows jurisdictional High Court

Non striking off clause in penalty notice u/s 271(1)(c) do not invalidate it. ITAT deviates from the Judgment of Karnataka High Court follows jurisdictional High Court In a recent judgment, ITAT Mumbai has upheld the penalty u/s 271(1)(c) dismissing the contention of the assessee regarding not striking off …

Absence of dissolution clause-Registration 12AA can not be denied to a charitable Trust for no specific clause in the Trust deed

Absence of dissolution clause-Registration 12AA can not be denied to a charitable Trust for no specific clause in the Trust deed prohibiting trustee on asset distribution among themselves ABCAUS Case Law Citation: ABCAUS 1133 (2017) (02) ITAT Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: Rama …

Tenant eviction-Landlord to establish only reasonable requirement which should be a genuine need and not simple desire – Supreme Court

Tenant eviction-Landlord to establish only reasonable requirement which should be a genuine need and not simple desire – Supreme Court The eviction of the tenant from the rented house/shop (property) has always given rise to controversies. One of the common clause in almost all the Rent Control Acts …

Export warehousing facility in Ahmedabad District of Gujarat. Extension of Places where warehouses may be established to store excisable goods for export

Export  warehousing facility in Ahmedabad District of Gujarat. Extension of  Places where warehouses may be established to store excisable goods for export Circular No. 1051/39/2016-CX F.NO.209/10/2013-CX.6 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS North  Block, New Delhi Dated the  15th …

Service tax-Transportation of goods for transhipment to foreign country by a vessel from a place outside India to the customs station in India.

Service tax-Transportation of goods for transhipment to foreign country by a vessel from a place outside India to the customs station in India.  Circular No.204/2/2017-Service Tax F.No.354/42/2016-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Dated- 16th February, 2017 To, Principal Chief Commissioners …