Peak credit theory not applicable if deposits are unexplained u/s 68. High Court overruled ITAT decision where CA was providing accomodation entries and could not explain the deposits in his bank account. The Court held that where assessee is unable to explain the sources of deposits and the corresponding …
EPFO guidelines to overcome Blue Screen of Death (BSOD) and Black Screen Problem(s) reported. Instructions to overcome the BSOD problems Employees’ Provident Fund Organisation Ministry of Labour & Employment, Govt. Of India Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-11006 6 Website: epfindia .gov.in No. NDC 1(9)2017/Circular/Project/2601 Dated …
GST-Furnishing of Bond-Letter of Undertaking for Exports Clarifications issued by CBEC for uniformity in the implementation of the Act Circular No. 5/5/2017 – GST F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the …
Expression ‘’derived’’ is narrower then ‘’attributable to’’ in section 80IA or like sections. Income derived from secondary source not the effective source, falls outside deductions – High Court ABCAUS Case Law Citation: ABCAUS 2025 (2017) (08) HC Assessment Year : 2009-10 Important Case Laws Cited/relied upon by …
Loss on sale of foreign cars held as business loss not capital loss u/s 50 as the imported cars did not form part of block of assets and depreciation was not allowable – High Court ABCAUS Case Law Citation: ABCAUS 2026 (2017) (08) HC Assessment Year : …
Income Tax to write off arrear demands of Rs 25 Lakhs or more for 186 cases . CBDT writes letter on arrear write-off to all Principal CIT of Gujarat GOVERNMENT OF INDIA DEPARTMENT OF REVENUE DIRECTORATE OF INCOME-TAX (RECOVERY & TDS) 6th Floor, Mayur Bhawan,Connaught Circus, New Delhi-110001 …
