Author: administrator

No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty u/s 271(1)(c)

No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty u/s 271(1)(c)

February 24, 2017 Income Tax, ITAT, Judgments
No concealment penalty without recording findings to bonafide of the explanation offered by the assessee with reasoning. ITAT deletes penalty u/s 271(1)(c) ABCAUS Case Law Citation: ABCAUS 1140 (2017) (02) ITAT The Grievance: The assessee is aggrieved with the levy of penalty u/s 271(1)(c) of the Income-tax Act, …
Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT

Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT

February 24, 2017 Income Tax, ITAT, Judgments
Deemed dividend-share premium not part of accumulated profits. Proportionate taxation u/s 2(22)(e) to be made if more than one shareholder satisfy conditions-ITAT  ABCAUS Case Law Citation: ABCAUS 1139 (2017) (02) ITAT Assessment Year : 2009-10 Date/Month of Pronouncement: February, 2017 Important Case Laws Cited/relied upon: Commissioner of Income …
DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC

DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC

February 23, 2017 High Courts, Income Tax, Judgments
DG Income Tax-Exemptions action illegal in not taking decision on assessee’s application seeking approval under Section 80 IB(7)(c)-Allahabad HC ABCAUS Case Law Citation: ABCAUS 1138 (2017) (02) HC The Substantial Question of Law in assessee’s appeal: Whether the finding recorded by the Tribunal to the effect that after …
Internship Programme of Department of Expenditure Indian national pursuing post-Graduation Research Courses/Law/Professional Course

Internship Programme of Department of Expenditure Indian national pursuing post-Graduation Research Courses/Law/Professional Course

February 23, 2017 Finance Ministry
Internship Programme of Department of Expenditure No.A-33025/01/2017-Ad .l Government of India Ministry of Finance Department of Expenditure North Block New Delhi, the 23rd February,2017 Subject : Internship Programme of Department of Expenditure The objective and guidelines/ salient feature s of the Internship Programme of the Department of Expenditure …
Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of prescribed challan and certain technical reasons. CBDT direction to banks

Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of prescribed challan and certain technical reasons. CBDT direction to banks

February 23, 2017 Income Tax
Non acceptance of Tax under PMGKY-2016 by banks due to lack of awareness of  prescribed challan and certain technical  reasons. CBDT direction to banks F. No. 370/06/20 16-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block , New Delhi 22nd …
findings of fact

No Interference with findings of facts unless relevant evidence not considered by ITAT

February 23, 2017 High Courts, Income Tax, Judgments
No Interference with findings of facts unless relevant evidence not considered or finding arrived by ITAT placing reliance on inadmissible evidence-Allahabad High Court ABCAUS Case Law Citation:ABCAUS 1137 (2017) (02) HC Assessment Year : 2009-10Date/Month of Pronouncement: February, 2017 Brief Facts of the Case:The appeal was admitted by the Lucknow Bench of the …