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Harsh punitive actions against shell companies to prevent misuse for money laundering and tax-evasion for unearthing black money post demonetization Ministry of Finance Press Release Dated: 10-02-2017 Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of …
CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima facie inadmissible deductions, allowances – ITAT In a recent judgment, ITAT Rajkot held that CPC intimation us 143(1) applying MMR on AOP trust invalid as jurisdiction limited for disallowing only prima …
ICAI Condonation-additional study course with articleship. Non submission of Form 112 amnesty measure on payment of Rs. 5,000/- as condonation fee. ICAI ANNOUNCEMENT Condonation of Breach of Regulation 65 & 78 – Non submission of Form 112 The Council of the Institute has decided to condone the delay in …
Updated FAQs on cash withdrawal-exchange of Bank Notes by RBI dated 09-02-2017. Effective March 13, 2017, there will be no limits on cash withdrawals from Savings Bank accounts. Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- and The …
Paperless Assessment proceedings-E-mail based communication. Review of performance. Revised format for reporting disposal of such assessments F.No. 225/267/2015 ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th February, 2017 To Pr Chief Commissioners of Income-tax Ahmedabad …
Honest tax-payers will be treated with dignity and courtesy. Greater accountability and probity in actions taken by Income Tax Officers-CBDT GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 E-mail : chairmancbdt@nic .in Tele: 23092648 & Telefax :23092544 SUSHIL CHANDRA …
Framing Quality assessments in Income Tax. CBDT to monitor quality of assessments more closely. 10 cases to be reported from each range F.No. 225/92/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th of February, 2017 To …
Revision us 263-Use of word appears showed CIT was not sure as to how and in what manner the assessment order passed was without investigation and enquiry-ITAT ABCAUS Case Law Citation: ABCAUS 1121 (2017) (02) ITAT Assessment Year : 2008-09 Date/Month of Pronouncement: February, 2017 The Grievance: The …
CA Misconduct-Non reporting book entry stocks debtors sales and accounts manipulation. Reporting modus operandi of bogus transactions was statutory requirement-High Court ABCAUS Case Law Citation: ABCAUS 1120 (2017) (02) HC Brief Facts of the Case: The Council of the Institute of Chartered Accountants of India (ICAI) received a …
TDS Surveys-Spot Verification where current year TDS is lower by 15% than corresponding period of last year to be examined-CBDT Chairman Letter. F. No. 385/17/2016-IT(B) SUSHIL CHANDRAChairman, CBDT &Special Secretary to the Government of India Dated the 8th February, 2017 Dear Principal Chief Commissioner of Income Tax , …
