Category: Income Tax

Printing-publishing eligible for additional depreciation u/s 32(1)(iia) in view of Kerala and Delhi High Court Judgments-CBDT Circular 15/2016

Printing-publishing eligible for additional depreciation u/s 32(1)(iia) in view of Kerala and Delhi High Court Judgments-CBDT Circular 15/2016

May 20, 2016 Income Tax
Printing-publishing eligible for additional depreciation u/s 32(1)(iia) in view of Kerala and Delhi High Court Judgments Circular No. 15/2016 F No. 279/Misc/140/2015/ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th May, 2016 Subject:  Additional Depreciation u /s 32(1)(iia) of …
efiling form 60-mandatory fields applicable for the transactions entered on or after 01-04-2016. Form 61 filing dated for for March 2016 quarter extended

efiling form 60-mandatory fields applicable for the transactions entered on or after 01-04-2016. Form 61 filing dated for for March 2016 quarter extended

May 20, 2016 Income Tax
efiling form 60-mandatory fields relaxation Circular No. 14 /2016 F.No.370149/68/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th May, 2016 Subject: Digital reporting of Form No.60-reg. 1. Vide Notification No.95, dated 30th December, 2015, rules 114B, 114C and 114D …
FAQ Clarifications Income Declaration Scheme 2016. CBDT clarifies 14 number of public queries by Circular No. 17/2016 dated 20/05/2016

FAQ Clarifications Income Declaration Scheme 2016. CBDT clarifies 14 number of public queries by Circular No. 17/2016 dated 20/05/2016

May 20, 2016 Income Tax
FAQ Clarifications Income Declaration Scheme 2016. CBDT clarifies 14 number of public queries.  Circular No.17 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 20th of May, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income …
India-Slovenia DTAA Amendments. India-Slovenia Double Taxation Avoidance Convention amended to curb tax evasion and tax avoidance between two countries

India-Slovenia DTAA Amendments. India-Slovenia Double Taxation Avoidance Convention amended to curb tax evasion and tax avoidance between two countries

May 19, 2016 Income Tax
India-Slovenia DTAA Amendments Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 19th May, 2016. Sub: India and Slovenia sign Protocol amending the India-Slovenia Double Taxation Avoidance Convention. India and Slovenia have signed a Protocol amending the existing Convention …
Penalty 2711c Immunity Explanation5A for Belated Return u/s 139(4). Immunity available to assessee who has filed belated return of income u/s 139(4)-held by ITAT Ahmedabad.

Penalty 2711c Immunity Explanation5A for Belated Return u/s 139(4). Immunity available to assessee who has filed belated return of income u/s 139(4)-held by ITAT Ahmedabad.

May 18, 2016 Income Tax, ITAT, Judgments
Penalty 2711c Immunity Explanation5A for Belated Return u/s 139(4). Immunity available to assessee who has filed belated return of income u/s 139(4)-held by ITAT Ahmedabad. Case Law Details: IT(SS)A.No.24/RJT/2013 Hitesh Mulchand Doshi (Appellant) vs. ACIT (Respondent) Date of Order/Judgment: 16/05/2016 Important Judgments Cited: ITO Vs. Gope M. Rochlani, …
Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion

Reopening us 147 148 invalid if assessee replied questionnaire raising specific queries during original assessment as it would amount to change of opinion

May 17, 2016 High Courts, Income Tax, Judgments
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. Refunds not to be denied to assessees for notices issued u/s 143(2) cases

CBDT Instruction No 1-2015 held illegal and quashed by Delhi High Court. Refunds not to be denied to assessees for notices issued u/s 143(2) cases

May 17, 2016 High Courts, Income Tax, Judgments
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

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

May 17, 2016 High Courts, Income Tax, Judgments
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 …