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Service Tax exemption to educational institution from renting of immovable property not to apply except pre-school or education up to higher secondary or equivalent. Amendment to Mega Exemption Notification GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/2017-Service Tax, New Delhi, the 8th March, 2017 GSR …
No Section 54F exemption if construction not started within time prescribed. Development charges paid not start of construction-Allahabad HC In a recent judgment, the Hon’ble Allahabad High Court has held that capital gain exemption u/s 54F not allowable if construction not started within prescribed time. ABCAUS Case Law …
ITAT lacks power to dismiss appeal without adverting to merits -Allahabad High Court In a recent judgment, the Hon’ble Allahabad High Court has reiterated that currently ITAT does not have power to dismiss appeal without adverting to the merits of the appeal even if the appellant is absent. …
India-Belgium DTAA and Protocol amendment signed for Avoidance of Double Taxation and Prevention of Fiscal Evasion of Taxes on Income Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 9th March, 2017. Press Release India and Belgium sign Protocol amending …
Deduction us 54B for land purchased in wife’s name disallowed by ITAT following the judgment of Punjab & Haryana High Court. ABCAUS Case Law Citation: ABCAUS 1163 (2017) (03) ITAT Assessment Year : 2007-08 Date/Month of Pronouncement: February 2017 Brief Facts of the Case: The appellant assessee sold …
General Financial Rules 2017. GFRs are compilation of rules-orders of Govt. of India to be followed while dealing with matters involving public finances. General Financial Rules 2017 PREFACE General Financial Rules (GFRs) are a compilation of rules and orders of Government of India to be followed by all …
Notice us 271(1)(b) on printed format with tick mark without striking off the non applicable clause quashed on the ground that charge was not specific. ITAT Delhi, in a recent judgment, has quashed notice u/s 271(1)(b) on printed format with only tick mark with striking off the not …
Trust can not file complaint under the Consumer Protection Act 1986. Supreme Court express its agreement with the National Commission. ABCAUS Case Law Citation: ABCAUS 1161 (2017) (03) SC Question for determination: whether a complaint can be filed by a Trust under the provisions of the Consumer Protection …
Last date of Digital Life Certificate Jeevan Pramaan Patra submission extended upto 31st March 2017. Earlier the last date was 28th February 2017 Ministry of Labour & Employment Press Release 08-March, 2017 Last date of submission of Digital Life Certificate through Jeevan Pramaan Patra extended upto 31st March …
Royalty and fee for technical assistance held revenue expenditure not capital as on termination of agreement all rights of the assessee stood extinguished. The judgment was delivered by the Hon’ble Allahabad High Court in a batch of similar cases. ABCAUS Case Law Citation: ABCAUS 1160 (2017) (03) HC Question …
