Category: Income Tax

Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

November 1, 2016 High Courts, Income Tax, Judgments
Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat High Court. ABCAUS Case Law Citation: 1046 (2016) (10) HC Important Case Law Cited: Pravinbhai M. Kheni v. Assistant Commissioner of Income-tax Brief Facts …
Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside

Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside

November 1, 2016 High Courts, Income Tax, Judgments
Grant-delay of Income Tax Refund-Conduct of AO was disturbing in not grating-delaying refund based on CBDT Instruction No. 1 of 2015 which was set aside-Bombay High Court ABCAUS Case Law Citation: 1045 (2016) (10) HC Assessment Year 2015­16 The Challenge: The petition under Article 226 of the Constitution of  India …
Withholding tax non residents-Disallowance us 40(a)(i) to be on income component only. CBDT Circular 3/2015 to be followed in litigation before ITAT/Courts

Withholding tax non residents-Disallowance us 40(a)(i) to be on income component only. CBDT Circular 3/2015 to be followed in litigation before ITAT/Courts

October 29, 2016 Income Tax
Withholding tax non residents-Disallowance us 40(a)(i) to be on income component only. CBDT Circular 3/2015 to be followed in litigation before ITAT/Courts F.No.500/39/2015 (US FT & TR-V) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax Research –II FT …
Taxability of compensation received by land owners under Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013

Taxability of compensation received by land owners under Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013

October 25, 2016 Income Tax
Taxability of compensation received by land owners under Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013 Circular No.  36 /2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ITA.II division, North Block, New Delhi, the 25th …
Income Tax Advance Rulings Authority Procedure for Appointment of Chairman and Vice-Chairman Amendment Rules, 2016. Notification

Income Tax Advance Rulings Authority Procedure for Appointment of Chairman and Vice-Chairman Amendment Rules, 2016. Notification

October 25, 2016 Income Tax
Income Tax Advance Rulings Authority Procedure for Appointment of Chairman and Vice-Chairman Amendment Rules, 2016. Notification MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 24th October, 2016 G.S.R. 1001(E).—In exercise of the powers conferred by Section 245-O, read with sub-section (1) and clause (p) of sub-section …
Draft Rules-FMV valuation method charitable trust-institution. Chapter XII-EB additional income-tax when trust ceases to exist as charitable organization

Draft Rules-FMV valuation method charitable trust-institution. Chapter XII-EB additional income-tax when trust ceases to exist as charitable organization

October 24, 2016 Income Tax
Draft Rules-FMV valuation method charitable trust-institution. Chapter XII-EB additional income-tax when trust ceases to exist as charitable organization F. No. 370142/21/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated 24th October, 2016 Subject: Draft Rules for prescribing the method …