Interest waiver-reduction u/s 220(2A) denial for threat by assessee not justified. Satisfaction must be arrived at as per prescribed 3 conditions-High Court

Interest waiver-reduction u/s 220(2A) denial for threat by the assessee not justified. The satisfaction must be arrived at with reference to the prescribed three conditions -Kerala High Court. ABCAUS Case Law Citation: 1007 2016 (09) HC Brief Facts of the Case: The Petitioner assessee was aggrieved by the rejection by …

No enquiry-investigation for IDS 2016 documents found during Search u/s 132 or Survey u/s 133A. Circular 32/2016

No enquiry-investigation for IDS 2016 documents found in Search u/s 132 or Survey action u/s 133A of the Income-tax Act 1961. Circular No. 32 of 2016 F.No.299/124/2016/IT-Inv.III Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) Ground Floor, E-2, ARA Centre, Jhandewalan …

Arrest for non payment of service tax without show cause notice void. Powers u/s 91 without SCN u/s 73A of Finance Act void-Delhi High Court

Arrest for non payment of service tax without show cause notice quashed. Powers exercised u/s 91 without SCN u/s 73A of the Finance Act 1994 was contrary to the law and in violation of constitutional and fundamental rights under Article 21 of the Constitution-Delhi High Court ABCAUS Case Law: 1006 …

Rebate of State Levies on Garments Export-ROSL Scheme Implementation by CBEC

Rebate of State Levies on Garments Export-ROSL Scheme Implementation by CBEC Circular No. 43/2016 – Customs F.No.605/42/2016-DBK (Pt.II)Government of IndiaMinistry of Finance,Department of RevenueCentral Board of Excise and CustomsDrawback Division New Delhi, dated 31st August 2016 ToAll Pr. Chief Commissioners / Pr. Directors Generals of CBECAll Chief Commissioners …

Form 15G-15H filing due date extension for quarterly furnishing of declarations to Oct and Dec 2016

Form 15G-15H filing due date extension  F. No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17 Government of India Ministry of Finance Central Board of Direct Taxes (CBDT) Directorate of lncome-tax (Systems) New Delhi.                                       Notification No. 10/2016                                        …