Category: Income Tax

Polished granite slab used on floor is not tile under Karnataka Sales Tax Act Entry8. There is distinction between polished granite stone/slabs and tiles-SC

Polished granite slab used on floor is not tile under Karnataka Sales Tax Act Entry8. There is distinction between polished granite stone/slabs and tiles-SC

October 19, 2016 Income Tax, Judgments, Supreme Court
Polished granite slab used on floor is not tile under Karnataka Sales Tax Act Entry 8. that there is a distinction between polished granite stone or slabs and tiles-Supreme Court ABCAUS Case Law Citation: 1038 (2016) (10) SC Important Case Law Referred: M/s. Vishwakarma Granites v. Commissioner of …
Rakhi Sawant income tax appeals gets both relief and dismissal-Dismissal for delay, disallowance us 40(a)(ia) remanded assessee being not covered u/s 44AB

Rakhi Sawant income tax appeals gets both relief and dismissal-Dismissal for delay, disallowance us 40(a)(ia) remanded assessee being not covered u/s 44AB

October 18, 2016 Income Tax, ITAT, Judgments
Rakhi Sawant income tax appeals gets both relief and dismissal from ITAT-dismissal for delay, disallowance us 40(a)(ia) remanded assessee being not covered u/s 44AB ABCAUS Case Law Citation: 1037 (2016) (10) ITAT Appeal-1 dismissed for dealy There was a delay of 704 days for filing the appeal. The …
Modifications to Instruction No. 7/2016-Engagement of Standing Counsels to represent Income-tax before High Courts/other judicial forums

Modifications to Instruction No. 7/2016-Engagement of Standing Counsels to represent Income-tax before High Courts/other judicial forums

October 18, 2016 Income Tax
Modifications to Instruction No. 7/2016-Engagement of Standing Counsels to represent Income-tax Department before High Courts/other judicial forums F. No. 279/Misc/ M-75/ 2011-ITJ (PartII) Government of India Ministry of Finance Department of Revenue Central Board  of Direct Taxes (A&J Division) New Delhi, the 18th October, 2016 To All Principal …
Amendment to Instruction-Special Public Prosecutors Engagement (SPPs) to represent Income Tax before Courts of Session/subordinate courts

Amendment to Instruction-Special Public Prosecutors Engagement (SPPs) to represent Income Tax before Courts of Session/subordinate courts

October 18, 2016 Income Tax
Amendment to Instruction-Special Public Prosecutors Engagement (SPPs) to represent Income Tax Department before Courts of Session/subordinate courts F. No. 279/ Misc/M-77/ 2011-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (A&J Division) New Delhi, the 18th October, 2016 To All Principal Chief …
Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA-CBDT Notification

Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA-CBDT Notification

October 18, 2016 Income Tax
Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 94/2016 New Delhi, the 17th October, 2016 INCOME-TAX G.S.R. 982(E).—In exercise of the powers conferred by section 115QA …
Public Sector Company Deemed Demerger on Shares Transfer by Central Government and reconstruction or splitting up. CBDT Notification No. 93/2016

Public Sector Company Deemed Demerger on Shares Transfer by Central Government and reconstruction or splitting up. CBDT Notification No. 93/2016

October 17, 2016 Income Tax
Public Sector Company Deemed Demerger on Shares Transfer by Central Government  MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 93/2016 New Delhi, the 14th October, 2016 (INCOME-TAX) S.O. 3204(E).— In exercise of the powers conferred by Explanation 5 to clause (19AA) of section …
Difference in CPC Demand and Central Action Plan CAP-1. Income Tax Department study shows PrCCIT Regions-wise un-reconciled differences.

Difference in CPC Demand and Central Action Plan CAP-1. Income Tax Department study shows PrCCIT Regions-wise un-reconciled differences.

October 17, 2016 Income Tax
Difference in CPC Demand and Central Action Plan CAP-1. Income Tax Department study shows PrCCIT Regions -wise unreconciled differences. Directorate of Income Tax has issued a letter to all Principal Chief Commissioners of Income Tax (PrCCIT) stating that it has observed noticeable differences in the amount of demand as reported …
Partnership salary allowed in profit loss ratio as per deed as the remuneration clause provided the manner of quantifying as per CBDT Circular No. 739

Partnership salary allowed in profit loss ratio as per deed as the remuneration clause provided the manner of quantifying as per CBDT Circular No. 739

October 16, 2016 Income Tax, ITAT, Judgments
Partnership salary allowed in profit loss ratio as per deed. Remuneration clause provided the manner of quantifying as per CBDT Circular No. 739 – ITAT ABCAUS Case Law Ctation 1035 (2016)(10) ITAT Important Judgments Cited: Assistant Commissioner of Income Tax Vs. M/s. DCS International Trading Durga Dass Davki …