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Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application of mind

Revisionary power us 263-Merely raising query not sufficient. Blindly accepting only part reply is incorrect assumption of facts and non-application of mind

January 17, 2017 Income Tax, ITAT, Judgments
Revisionary power  us 263-Merely raising query not sufficient.  Blindly accepting only part reply is incorrect assumption of facts and non-application of mind by AO-ITAT ABCAUS Case Law Citation: ABCAUS 1103 (2017) (01) ITAT Assessment Year : 2011-12 Important Case Laws Cited: Anuj Jayendra Shah Vs. PCIT 67 taxmann.com …
IDS-2016 condonation of delay in payment of taxes due to technical errors where payment is made through cheque, RTGS, electronic transfer

IDS-2016 condonation of delay in payment of taxes due to technical errors where payment is made through cheque, RTGS, electronic transfer

January 17, 2017 Income Tax
IDS-2016 condonation of delay in payment of taxes due to technical errors where payment is made through cheque, RTGS, electronic transfer within due time  Instruction No. 2 of 2017 F.No.142/8/2016-TPL(Part) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, the 16th …
ATM-Current account Cash withdrawal limit increased. For ATM from 4500/- to 10000/- per day per card and for C/A from 50000/- per week to 100000/-

ATM-Current account Cash withdrawal limit increased. For ATM from 4500/- to 10000/- per day per card and for C/A from 50000/- per week to 100000/-

January 17, 2017 RBI
ATM-Current account Cash withdrawal limit increased. For ATM  from Rs. 4500/- to 10000/- per day per card and for C/A or overdrafts from 50000/- per week to 100000/- Reserve Bank of India Enhancement of withdrawal limits from ATMs and Current Accounts RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 …
Assessment finality on search date reached if time for issuing notice us 143(2) had expired. Additions can be made only if incriminating material found-ITAT

Assessment finality on search date reached if time for issuing notice us 143(2) had expired. Additions can be made only if incriminating material found-ITAT

January 15, 2017 Income Tax, ITAT, Judgments
Assessment finality on search date reached if time for issuing notice us 143(2) had expired.  In such cases additions can be made only if incriminating material found-ITAT ABCAUS Case Law Citation: ABCAUS 1102 (2017) (01) ITAT Assessment Year : 2008-09 Important Case Laws Cited: National Thermal Power Co …
Service Tax Mega Exemption-online information database services and goods transportation by service provider located in non-taxable territory withdrawn

Service Tax Mega Exemption-online information database services and goods transportation by service provider located in non-taxable territory withdrawn

January 13, 2017 Service Tax
Service Tax Mega Exemption-online information database services and transportation of goods by service provider located in non-taxable territory withdrawn Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to (i) withdraw the exemption from service tax for services provided or agreed to be provided by a person …
Law Commission denies hiring of Law Firms

Law Commission denies hiring of Law Firms

January 12, 2017 Government
Law Commission denies hiring of Law Firms. Certain newspapers/e-magazines suggested that Commission is hiring law firms to pursue the work assigned to it Ministry of Law & Justice Press Release Dated: 12th January, 2017 Law Commission denies hiring of Law Firms The Law Commission of India has noted …