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Unjust Enrichment in Service Tax Refund Draft Circular on application of unjust enrichment principle available for feedback and comments by 06-09-2016

August 8, 2016 Service Tax
Unjust Enrichment in Service Tax Refund Draft Circular Draft Circular / / 2016-Service Tax F. No. 137/29/2016-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax Wing Dated August 2016 To All Principal Chief Commissioners of Central Excise All …
Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on addition making apparent that it is debatable – ITAT

Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on addition making apparent that it is debatable – ITAT

August 7, 2016 Income Tax, ITAT, Judgments
Penalty 271(1)(c) can not be imposed when High Court admits substantial question of law on quantum addition making apparent that addition is debatable – ITAT ABCAUS Case Law Citation: 982 2016 (08) ITAT Assessment Year: 2005-06 Date/Month of Judgment: August 2016 Brief Facts of the Case: During the …
Penalty 271(1)(c) for claiming Short Term Capital Gain STCG as Long Term Capital Gain LTCG and deduction us 54F quashed by the ITAT

Penalty 271(1)(c) for claiming Short Term Capital Gain STCG as Long Term Capital Gain LTCG and deduction us 54F quashed by the ITAT

August 7, 2016 Income Tax, ITAT, Judgments
Penalty 271(1)(c) for claiming STCG as LTCG and deduction us 54F quashed by the ITAT holding that if the assessee had not concealed any fact while filing the return and filed the copies of the document along with the return, merely because the sale proceeds were shown as a long term capital gain …
Penalty us 271FA for late filing AIR Return quashed. Country’s tax laws are complex, complicated and require assistance of specialised tax practitioners

Penalty us 271FA for late filing AIR Return quashed. Country’s tax laws are complex, complicated and require assistance of specialised tax practitioners

August 7, 2016 Income Tax, ITAT, Judgments
Penalty us 271FA for late filing AIR Return quashed by ITAT considering that the tax laws of the country are complex and complicated and require assistance of specialised tax practitioners.  ABCAUS Case Law Citation: 980 2016 (08) ITAT Date/Month of Judgment: August 2016 Important Judgments relied by the assessee: Motilal …
IRDAI-Guidelines on Remuneration of Non-executive Directors and Managing Director /Chief Executive Officer / Whole-time Directors of Insurers

IRDAI-Guidelines on Remuneration of Non-executive Directors and Managing Director /Chief Executive Officer / Whole-time Directors of Insurers

August 6, 2016 IRDAI
To all Private sectors Insurers Ref:IRDA/F&A/GDL/LSTD/154/08/2016 Date:05-08-2016 Guidelines on Remuneration of Non-executive Directors and Managing Director /Chief Executive Officer / Whole-time Directors of Insurers Financial institutions like insurance companies are an important part of the financial system. Any risk that adversely affects the insurers also gets transmitted to …
Road map to GST

Next Steps in Goods and Service Tax-Road map to GST Revenue Secretary’s presentation after passage of Constitution Amendment Bill

August 5, 2016 GST
NEXT STEPS GOODS AND SERVICES TAX: THE ROADMAP TO GST  Revenue Secretary’s presentation on next steps required about GST after passage of Constitution Amendnent Bill  Establishment of Legal Framework • Preparation of IT infrastructure • Change Management: Training of Officials and Staff Outreach and Consultation with trade and …