Depreciation claim disallowed-defective machine not ready to use. Legal ownership not a must but the machine if not used, should at least be ready to use-ITAT ABCAUS Case Law Citation: 1063 (2016) (11) ITAT Assessment Year: 2009-10 Date of the Judgment: 16-11-2016 Brief Facts of the Case: The …
IDS-2016 Part-2 with 50 percent tax, lock in period for declared income with 0% interest. According to media, Govt may amend tax laws soon. On 28-11-2016 Finance Minister has introduced PMGKY 2016 Yojana to this effect Click Here to read more >> Some section of media has reported that …
ITAT duty bound to grant relief even if no specific ground raised. Even without alternative submission, Tribunal must pass consequential orders suo motu. ABCAUS Case Law Citation: 1062 (2016) (11) HC Important Case Laws considered: CIBA of India Ltd vs. CIT (1993) 202 ITR 0001 (Bombay High Court) …
Revised Model GST Law 2016 released by GST Council Secretariat on 25-11-2016. The Central / State Goods and Services Tax Act 2016 Revised Model GST Law GST COUNCIL SECRETARIAT November, 2016 Central / State Goods and Services Tax Act, 2016 Revised Draft Model GST Law Click Here >> Draft IGST …
No revision in cash withdrawal limit including ATM. The limit of Rs 24000 was to be reviewed on 24-11-2016 as per RBI notification dated 08-11-2016 Reserve Bank of India Withdrawal of cash – Weekly limit RBI/2016-17/158 DCM (Plg) No.1424/10.27.00/2016-16 November 25, 2016 The Chairman / Managing Director/ Chief …
Languages printed on Indian banknotes other than hindi english (17 in total) as part of design and matter of convention in terms of Section 25 of RBI Act Ministry of Finance 25-November, 2016 Value of Currency Notes in Indian Languages The Indian banknotes are printed in two languages, …
