Category: Income Tax
Commissioner can allow fresh deduction claim u/s 264 under revision petition without requirement of filing of revised income tax return – Kerala High Court ABCAUS Case Law Citation: 1012 (2016) (09) HC Important Judgments Cited: Parekh Brothers v. Commissioner of Income Tax Goetze (India} Ltd. v. Commissioner of Income Tax …
Income Tax Appeal tax effect limit do not include cess. Applicability of CBDT instruction for tax effect to be worked out without cess – ITAT ABCAUS Casse Law Citation:1011 2016 (09) ITATAssessment Year: 2010-11Date/Month of Judgment/Order: September, 2016 Brief Facts of the Case: This appeal in question was filed by …
IDS 2016-Banks to accept tax deposits in cash over the counter irrespective of amount from all declarants including deposits through challan ITNS 286 – RBI Reserve Bank of India BI/2016-17/62 DBR.No.Leg.BC. 13/09.07.005/2016-17 …
Revised Guidelines-Standing Counsels Engagement to represent the Income-tax Department before High Courts and other judicial forums-CBDT Instruction Instruction No. 7/2016 F No 279/Misc./M-75/201 1-ITJ (Part-II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 7th September, 2016 To All Principal …
Revised Guidelines-Engagement of Special Public Prosecutors to represent Income Tax Department before Session Courts and fees-CBDT Instruction Instruction No. 6 /2016 F.No. 279/Misc./M-77/2011-ITJ Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes (A&J Division) New Delhi, the 7th September, 2016 Sub: Guidelines for engagement …
The marginal fall in GP ratio compared to preceding year and non-incurring of expenditure like travelling, telephone, salary, etc. are not the relevant reasons for rejecting of books of accounts under section 145 of the Income Tax Act – ITAT ABCAUS Case Law Citation: 1010 2016 (09) ITAT …
There is no hard and fast rule of earning same net profit rate over different years. Additions made without any plausible reason or rejecting books of accounts bad – ITAT In a recent judgment, ITAT has held that there is no hard and fast rule of earning same …
No Extension of Income Disclosure Scheme IDS 2016 after closure of deadline of 30-09-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 2nd September, 2016. Subject : The Income Declaration Scheme 2016- reg The Income Declaration Scheme, 2016 …
Interest waiver-reduction u/s 220(2A) denial for threat by the assessee not justified. The satisfaction must be arrived at with reference to the prescribed three conditions -Kerala High Court. ABCAUS Case Law Citation: 1007 2016 (09) HC Brief Facts of the Case: The Petitioner assessee was aggrieved by the rejection by …
No enquiry-investigation for IDS 2016 documents found in Search u/s 132 or Survey action u/s 133A of the Income-tax Act 1961. Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan …
