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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 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 …
Service Tax Exemption-Common Effluent Treatment Plant Operators for the period 01-07-2012 to 31-03-2015. Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.08 /2017-Service Tax New Delhi , the 20th of February , 2017 1 Phalguna,1938 Saka G.S.R. (E).- Whereas, the …
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 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 …
Legal expenses claim of Salman Khan allowed in set aside proceedings by order of Commissioner of Income Tax under Revision u/s 263 The Hindustan Times in 2015, quoting Salim Khan, father of Salman Khan had reported that Bollywood actor had spent more than Rs 25 crore in the 2002 …
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 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. 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 …
RBI FAQ on Foreign Investments in India updated as on February 13, 2017. RBI has issued 35 common queries and answers in an easy to understand language. FAQ on Foreign Investments in India (Updated as on February 13, 2017) These FAQs attempt to put in place the common …