Author: administrator
Surety need not be Govt servant, blood relative or local. No property/vehicle papers required. Beggar too qualified if has acceptable residential proof – Madras High Court ABCAUS Case Law Citation: ABCAUS 1234 (2017) (05) HC Date/Month of Pronouncement: April, 2017 Important Case Laws Cited relied upon: Maneka Gandhi vs. …
Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are two different things and it is not sweet will of the assessee. ABCAUS Case Law Citation:ABCAUS 1233 (2017) (05) ITAT The Grievance:The appellant assessee was aggrieved by the …
Penalty 271(1)(c) Merely if suppliers not traced at given address not indicative of concealment of income or furnishing of inaccurate particulars-ITAT ABCAUS Case Law Citation: ABCAUS 1231 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) qua confirmation of penalty …
No Penalty 271(1)(c) for disallowance 43B if quantum not disputed and following mercantile accounting it could be debited to Profit and Loss A/c – ITAT ABCAUS Case Law Citation: ABCAUS 1230 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) …
Penalty 271(1)(c) Non-deletion of few words not invalidated notice or caused any prejudice to the assessee when relevant clause was duly ticked-ITAT ABCAUS Case Law Citation: ABCAUS 1229 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) qua confirmation of …
Bogus purchases-when sales not disputed entire addition not warranted. ITAT estimated addition @12.5% of alleged bogus purchases ABCAUS Case Law Citation: ABCAUS 1228 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the CIT(A) qua confirmation of addition of bogus purchases to …
Panel of Experts as Mediator or Conciliators for 2016-17 & 2017-18, Office of Regional Director, North-Western Region, Ahmedabad List of Panel of Experts as Mediator or Conciliators for the year 2016-17 & 2017-18, Office of Regional Director, North-Western Region, Ahmedabad Sl No. Name of Applicant Address Contact No. …
Draft rules for valuation of unquoted equity share for the purposes of section 56 and section 50CA Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 5th May, 2017. Subject: Request for stakeholder’s comment on draft rules relating to …
RBI authorised to direct banks to start insolvency process in respect of a default The Government (Ministry of Law and Justice) has notified the Banking Regulation (Amendment) Ordinance, 2017 (No. 1 OF 2017) to further amend the Banking Regulation Act, 1949. It has come into force with immediate …
Service Tax Mega Exemption-Pradhan Mantri Vaya Vandana Yojana. PMVVY is a subsidized pension plan for citizens aged 60 year/more GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 17/2017-Service Tax New Delhi, the 4th May, 2017 G.S.R.….(E).- In exercise of the powers conferred by sub-section (1) …
