Expeditious refund issue high priority for CBDT. Over 4.19 crore ITRs processed and over 1.62 crore refunds issued during Current Financial Year till 10/02/2017 Ministry of Finance Press Release Dated: 13th Feb, 2017 Expeditious issue of Refunds is a High Priority for the Central Board of Direct Taxes …

Operation Clean Money by Income Tax Department gets overwhelming response. More than 5.27 lakh taxpayers submitted response till 12-02-2017. Ministry of Finance Press Release Dated: 13th Feb, 2017 Operation Clean Money by IT Dept gets overwhelming response. More than 5.27 lakh taxpayers submitted their response till 12th February, …

ICAI-Increase in Annual Membership-COP Fees from 01-04-2017. Institute has revised the fees to be paid by chartered accountants THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA New Delhi, the 9th February, 2017 NOTIFICATION No.1-CA(7)/179/2017:– In exercise of the powers conferred under sub-section (3) of section 4 and 5, sub-section …

Addition us 68 for accommodation entries-don’t shoot the messenger. Addition restricted to commission earned on accommodation entries-ITAT  ABCAUS Case Law Citation:ABCAUS 1125 (2017) (02) ITAT Assessment Year : 1995-96Date/Month of Pronouncement: February, 2017 Brief Facts of the Case:The present judgment was delivered in the second round of litigation. …

Empanelment of Experts-Mediators Conciliators for 2017-18 Western Region, Mumbai. The last date for receiving application is 15-03-2017 before 5 PM Government of India Ministry of Corporate Affairs Office of the Regional Director, Western Region Eversest, 5th Floor, 100, Netaji Subash Marg, Mumbai-400002 NOTICE FOR INVITING APPLICATIONS FOR EMPANELLING  EXPERTS …

Penalty 271(1)(c) for claiming higher Housing Loan Interest deduction u/s 24(b) deleted. The AO did not detect mistake but noticed it from the reply of the assessee – ITAT Judgment ABCAUS Case Law Citation:ABCAUS 1124 (2017) (02) ITAT Assessment Year : 2008-09Date/Month of Pronouncement: February, 2017 Important Case …