Salary recovered for notice period not taxable salary us 16 as per agreement with the employers when actually assessee had received less salary – ITAT ABCAUS Case Law Citation: ABCAUS 1219 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of …

Removal of Cyprus from list of notified jurisdictional areas us 94A of the Income-tax Act retrospectively from 01.11.2013-Clarification  Removal of Cyprus from list of notified jurisdictional areas F.  No. 500/002/2015-FT&TR-III(1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Circular  No. 15 …

Disallowance of interest for drawings out of cash credit account deleted as despite drawings closing balance of capital was more than opening balance ABCAUS Case Law Citation: ABCAUS 1217 (2017) (04) ITAT The Grievance: The appellant assessee was aggrieved by the order of the Commissioner of Income Tax …

Let justice be done though the heavens fall-Supreme Court explains the ambit of Article 142 of the Constitution viz-a-viz powers of the Apex Court ABCAUS Case law Citation: 1218 (2017)(04) SC Important Case Law Cited/referred A.R. Antulay v. R.S. Nayak & Another, (1988) 2 SCC 602, Supreme Court …

Filing IEPF-1 Procedure for companies which have transferred amount to IEPF prior to 15.12.2016, through Challans not generated on MCA-21 portal  General Circular No 02/2017 No.05/05/2016-IEPF Government of India Ministry of Corporate Affairs 51h  Floor, “A ” Wing, Shastri Bhawan,Dr. R.P. Road New Delhi-110001 Dated: 20/04/2017 To All …

Sovereign Gold Bond Scheme 2017-18 Series-I.  Applications to be accepted from April 24-28, 2017. Bonds will be issued on May 12, 2017 – RBI Sovereign Gold Bond Scheme 2017-18 – Series I he Reserve Bank of India, in consultation with Government of India, has decided to issue Sovereign …