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ITBA e-Nivaran Income Tax Instruction No. 3 by Directorate of Systems. Enhancements and improvements made to e-Nivaran Module

ITBA e-Nivaran Income Tax Instruction No. 3 by Directorate of Systems. Enhancements and improvements made to e-Nivaran Module

December 14, 2016 Income Tax
ITBA e-Nivaran Income Tax Instruction No. 3 by Directorate of Systems. Enhancements and improvements made to e-Nivaran Module , Directorate of Income Tax (System) has issued e-Nivaran Instructions to all Income Tax Commissioners (PrCIT/CCsIT/DGIT etc.) on the enhancements and improvements made to e-Nivaran Module. The Instruction, among other things, provides …
Revised Income Tax Return post demonetisation to manipulation income, cash-in-hand, profits etc. to attract scrutiny penalty & prosecution-Finmin

Revised Income Tax Return post demonetisation to manipulation income, cash-in-hand, profits etc. to attract scrutiny penalty & prosecution-Finmin

December 14, 2016 Income Tax
Revised Income Tax Return post demonetisation to manipulation income, cash-in-hand, profits etc. to attract scrutiny penalty & prosecution-Finance Ministry Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14 December, 2016 Press Release Filing of Revised Income Tax Returns by the …
Demonetisation actually a step in cashless economy direction. Is Finance Minister’s statement a major shift in PM Modi’s stated demonetisation objectives

Demonetisation actually a step in cashless economy direction. Is Finance Minister’s statement a major shift in PM Modi’s stated demonetisation objectives

December 14, 2016 Finance Ministry
Demonetisation actually a step in cashless economy direction. Is Finance Minister’s statement a major shift in PM Modi’s stated demonetisation objectives in view of Government’s failure to manage post demonetisation affairs? Ministry of Finance Press Release 13 December, 2016 Transcription of the Finance Minister’s Statement made to media …
Banks to preserve CCTV recordings from 08-11-2016 to 30-12-2016 for action in illegal accumulation of new currency notes-RBI

Banks to preserve CCTV recordings from 08-11-2016 to 30-12-2016 for action in illegal accumulation of new currency notes-RBI

December 13, 2016 RBI
Banks to preserve CCTV recordings from 08-11-2016 to 30-12-2016 for action in illegal accumulation of new currency notes-RBI Reserve Bank of India Preservation of CCTV recordings RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of …
Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have been re-deposited-ITAT

Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have been re-deposited-ITAT

December 12, 2016 Income Tax, ITAT, Judgments
Additions ignoring peak credit amounts to double taxation if there is no material to show cash withdrawals could not have been re-deposited-ITAT  ABCAUS Case Law Citation: ABCAUS 1082 (2016) (12) ITAT Brief Facts of the Case: The Assessing Officer (AO) found that the assessee had not disclosed one …
Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation u/s 68 69-ITAT

Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation u/s 68 69-ITAT

December 11, 2016 Income Tax, ITAT, Judgments
Peak Credit theory additions apply for unexplained cash deposits or where assessee fails to give satisfactory explanation and amount is sought to be added u/s 68 69-ITAT ABCAUS Case Law Citation: ABCAUS 1081 (2016) (12) ITAT Important Case Laws cited: CIT vs. K. Chinnatharmban (292 ITR 682)(SC) Manoj …