Framing Quality assessments in Income Tax. CBDT to monitor quality of assessments more closely. 10 cases to be reported from each range F.No. 225/92/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th of February, 2017 To …
Revision us 263-Use of word appears showed CIT was not sure as to how and in what manner the assessment order passed was without investigation and enquiry-ITAT ABCAUS Case Law Citation: ABCAUS 1121 (2017) (02) ITAT Assessment Year : 2008-09 Date/Month of Pronouncement: February, 2017 The Grievance: The …
CA Misconduct-Non reporting book entry stocks debtors sales and accounts manipulation. Reporting modus operandi of bogus transactions was statutory requirement-High Court ABCAUS Case Law Citation: ABCAUS 1120 (2017) (02) HC Brief Facts of the Case: The Council of the Institute of Chartered Accountants of India (ICAI) received a …
TDS Surveys-Spot Verification where current year TDS is lower by 15% than corresponding period of last year to be examined-CBDT Chairman Letter. F. No. 385/17/2016-IT(B) SUSHIL CHANDRA Chairman, CBDT & Special Secretary to the Government of India Dated the 8th February, 2017 Dear Principal Chief Commissioner of Income …
CA misconduct-Share application money receipt fake certificate. CA held guilty for consciously omitting date when the cheques were encashed-High Court ABCAUS Case Law Citation: ABCAUS 1119 (2017) (02) HC Brief Facts of the Case: A company invited applications for allotment of 1,80,00,000 preferential shares for cash at par. …
No savings bank cash withdrawals limit from 13-03-2017. Limit enhanced to Rs. 50,000 per week from current limit of Rs. 24000 per week Removal of limits on withdrawal of cash from Saving Bank Accounts RBI/2016-17/224 DCM (Plg) 3107/10.27.00/2016-17 February 08, 2017 All Banks Dear Madam / Sir, Removal …