Abcaus

IDS Scheme 2016 Amendment in Form-2 Form-3 related to Acknowledgement and Payment Intimation CBDT Notification No. 70/2016

administrator August 13, 2016 Income Tax

IDS Scheme 2016 Amendment in Form-2 Form-3 related to Acknowledgement and Payment Intimation MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th August, 2016 S.O. 2705(E).— In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 199 …

Adverse view on evidence without opportunity to cross examine witness by the assessee is wrong – ITAT

administrator August 13, 2016 Income Tax, ITAT, Judgments

Adverse view taken on evidence without opportunity to cross-examine It is settled proposition of law that whenever the AO intends to take adverse view against the assessee on the basis of any evidence, he is required to confront the same to the assessee and if the assessee desires, he …

CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income and revised return not accepted – ITAT

administrator August 13, 2016 Income Tax, ITAT, Judgments

CIT Appeals wrong in rejecting appeal for non payment of tax when assessee paid tax on admitted return of income and revised return not accepted – ITAT ABCAUS Case Law Citation: 985 2016 (08) ITAT AY: 2007-08 Date/Month of Judgment: August 2016 Brief Facts of the Case: The …

CBDT extends IDS Form-2 acknowledgment issuance time to 30 days from 15 days for declarations filed under IDS Scheme in the month of July 2016

administrator August 13, 2016 Income Tax

CBDT extends IDS Form-2 acknowledgment issuance time to 30 days from 15 days for declarations filed under IDS Scheme in the month of July 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, dated 12th August, 2016 Order …

Amendment to convention Between India-Mauritius DTAA and Prevention of fiscal evasion of income taxes, capital gains, mutual trade-investment encourgement

administrator August 12, 2016 Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th August, 2016 (INCOME-TAX) S.O. 2680(E).—Whereas, a Protocol amending the agreement between the Government of the Republic of India and the Government of Mauritius, signed on 24th August, 1982 for the avoidance of double taxation and the prevention …

Rent held Business Income not House Property income when the business of the company was to lease its property and to earn rent-Supreme Court

administrator August 12, 2016 Income Tax, Judgments, Supreme Court

Rent held Business Income not House Property income When the the assessee company had only one business and that is of leasing its property and earning rent therefrom, the income so earned should be treated as its business income and not as income from house property-Supreme Court ABCAUS Case …