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Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion-Delhi High Court. Case Law Details: WP(C) 2526/2015 Allied Strips Limited (Petitioner) vs. Assistant Commissioner of Income Tax (Respondent) Date of Judgment: 12/05/2016 Coram: Justice Sanjeev …
CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court It further directed that the said instruction shall not be relied upon to deny refunds to the Assessees in whose cases notices might have been issued under Section 143(2) of the Income Tax Act, 1961. Case Law Details: …
PE under Indo-US DTAA-Adobe India not PE of Adobe Systems USA as agent must have authority to conclude contracts on behalf of the enterprise-Delhi High Court Case Details: WP(C) 2384, 2385, 2390 of 2013 Adobe Systems Incorporated (Petitioner) vs. Assistant Director of Income Tax & Anr (Respondents) Date of …
British Virgin Island Panama Papers Investigation Guidelines and Procedure issued by Government-CBDT for making requests for information to BVI F.No.500/12/2013-FT&TR-III Government of India Ministry of Finance Department of Revenue (Foreign Tax & Tax Research Division) ***** Dated: 12th May 2016 To, All Pr.CCsIT/DGsIT(Inv.) Madam/Sir, Subject: Exchange of Information …
Income Tax Website Legal Corner. Questions of Law admitted or dismissed. by Bombay High Court to be displayed sectionwise. Case Law Details: ITA No. 2287 OF 2013 The Commissioner of Income Tax8 (Appellant) vs. M/s. TCL India Holdings Pvt. Ltd (Respondent) Date of Judgment: 06-05-2016 Coram: Justice M. S. Sanklecha and Justice A. K. Menon The question: This appeal was filed by the Revenue raises questions with regard to …
CSR activities and Tobacco Industry-MCA Clarification. companies under CSR not to contravene any Law including Cigarettes, Tobacco Products Act (COTPA) 2003 MCA has issued clarification on CSR activities and Tobacco Industry. There is an inherent contradiction in corporate social responsibility and tobacco industry. COTPA aims to prohibit advertisement and regulation …
MCA-e form filing due date extension-Relaxation of additional fees for forms due for filing between 25-03-2016 to 31-05-2016. Last Date Extended 10-06-2016 General Circular No 06/2016 F No.01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor. A Wing, Shastri Bhawan, Dr. Rajendra Prasad Rood, New Delhi …
Banks authorised to accept payments of Income Tax Reserve Bank of India Date : May 16, 2016 Pay IT dues in advance at RBI or at authorised bank branches – June 2016 The Reserve Bank of India has appealed to income tax assessees to remit their income tax …
The Income Declaration Scheme 2016 for domestic black money to open from 1st June 2016. Ministry of Finance-Press Release dated 14/05/2016 The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in …
FMV-No approach road and weaker sections society in colony. DVO directed to give 30% adjustments in calculating fair market value for disadvantages-ITAT Hyderabad Case Law Details: ITA.No.1782/Hyd/2011 Assessment Year 2008-2009 Smt. M. Nagarathnamma Madanapalle vs. Income Tax Officer date of Judgment/Order: 13/05/2016 Brief Facts of the Case: During …
