Abcaus

Appointments of advocates on Income Tax panel not equitable and without consideration of the issue of law involved vis-a-vis experience of Advocate – Bombay HC

administrator July 20, 2016 High Courts, Income Tax, Judgments

Appointments of advocates on Income Tax panel not equitable and without consideration of the issue of law involved visavis the experience of the Advocate – Bombay High Court Case Law : ITA No. 2287/2013 The Commissioner of Income Tax (Appellant) vs. M/s. TCL India Holdings Pvt.Ltd (Respondent) Date of Judgment: 12th July 2016 …

Income Tax Business Application (ITBA) Exemption Module-Approval, registration cancellation of trusts societies non-profit companies u/s 12AA 80G(5) 10(23C)

administrator July 19, 2016 Income Tax

Income Tax Business Application (ITBA) Exemption Module Income Tax Department has launched a new Income Tax Business Application (ITBA) Exemption Module (Phase1). The said module has been designed to automate and expedite the the following functions: (a) Registration and cancellation of trusts/societies/non-profit companies u/s 12AA of the Income Tax …

CBDT entered into seven Unilateral Advance Pricing Agreements APAs with Indian taxpayers. Some of these agreements also have a Rollback provision

administrator July 19, 2016 Income Tax

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th July, 2016. Press Release Sub : Signing of Advance Pricing Agreements by CBDT The Central Board of Direct Taxes (CBDT) entered into seven (7) Unilateral Advance Pricing Agreements (APAs) today, i.e., …

In the foreseeable future, we will bring formal financial services to every Indian who wants them: RBI Governor’s Speech on financial inclusion

administrator July 18, 2016 RBI

Reserve Bank of India Date : Jul 18, 2016 In the foreseeable future, we will bring formal financial services to every Indian who wants them: RBI Governor “In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an …

Additional depreciation u/s 32(1)(ii) on capital work in progress converted into plant and machinery erected, commissioned during the year allowable – ITAT

administrator July 18, 2016 Income Tax, ITAT, Judgments

Additional depreciation u/s 32(1)(ii) on Capital Work in Progress converted into plant and machinery during the year is allowable – ITAT ABCAUS Case Law Citation: 976 2016 (07) ITAT Assessment Year: 2006-07 Date/Month of Judgment/Order: July 2016 Important Judgments Cited: JCIT vs. Lotus Energy (India) Ltd. 68 taxmann.com …

Forming opinion on the basis of information received by Investigation wing not satisfaction of the AO to reopen the case u/s 147 – ITAT

administrator July 18, 2016 Income Tax, ITAT, Judgments

Forming opinion on the basis of information received by Investigation wing does not amount to satisfaction of the AO to reopen the case u/s 147 – ITAT ABCAUS Case Law Citation: 975 2016 (07) ITAT Assessment Year: 2004-05 Date/Month of Judgment: July 2016 Important Case Laws/Judgments Cited: Pr. …