BCI can not remand disciplinary proceedings transferred to it u/s 36B(1) of the Advocates Act, 1961 from the State Bar Council – Supreme Court   ABCAUS Case Law Citation: ABCAUS 1202 (2017) (04) SC The Ground of Appeal: The appellant advocate contended that the time consumed in disposal …

Income tax can disclose information to Lokayukt Up-Lokayukt UP regarding assessee u/s 138(1)(a)(ii).  Section 138 of the Income Tax prescribes the authorities to which the disclosure of information respecting assessee can be made by the CBDT or any other income tax authority. As per section 138(1)(a)(ii) the information …

Cash transaction limit on bank withdrawal u/s 269ST-CBDT Notification exempting cash withdrawal from bank from restriction imposed u/s 269ST  TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) New Delhi, the 5th April, 2017 NOTIFICATION …

No capital gain tax on flat transferred as nominee. The assessee did not inherit the property as owner but as nominee of all legal heirs – ITAT In a recent judgment, ITAT Mumbai has held that there could not be capital gain tax on flat transferred as nominee …

Claim supported by affidavit cannot be rejected without any enquiry or material brought on record to disprove the claim of the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 1200 (2017) (04) ITAT The Grievance: The assessee was aggrieved by the order passed by the CIT(A) confirming the …

Cash transaction limit 269ST not apply to withdrawal from bank, cooperative bank or a post office savings bank-Press Release Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 5th April, 2017 PRESS RELEASE Budget 2017 takes Steps to discourage Cash transactions & curb Black …