admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 9, 2016 AO if not satisfied must compute FMV 56(2)(viia) Rule 115UA himself Where a method has been prescribed by the legislature, that method alone shall be followed for compu... Read More
admin Income-tax Act, 1961, TDS March 9, 2016 TDS default proceedings u/s 201(3) for a period earlier than 4 years prior to 31-03-2011 not authorized by CBDT Circular-05/2010 THE HIGH COURT OF DELHI W.P.(C) 8535/2011 & CM APPLS 19305/2011, 9781/2012 W.P.(C) 8536/20... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 8, 2016 Order passed by CIT-Appeals without waiting for Remand Report called from AO quashed INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No. 442(Asr)/2013 Assessment Year: 2009... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 8, 2016 Penalty 271(1)(c) limitation provisions u/s 2751a apply as per law in force at the time of filing of return INCOME TAX APPELLATE TRIBUNAL AMRITSAR BENCH; AMRITSAR I.T.A No.137(Asr)/2014 Assessment Year: 1994-... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 7, 2016 Green tea leaves cess allowed on 100 percent composite income before applying Income Tax Rule 8D HIGH COURT AT CALCUTTA ITA No.269 OF 2009 COMMISSIONER OF INCOME TAX, KOLKATA – II Versus M/S MORA... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 7, 2016 Assessee entitled to interest u/s 244A(1)(b) for excess payment on self assessment tax-Kolkata HC HIGH COURT AT CALCUTTA ITA No.526 OF 2004 COMMISSIONER OF INCOME TAX, KOLKATA – I Versus BIRLA COR... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 6, 2016 CIT-Appeals has no power u/s 251 to send back file to AO to verify claim of the assessee. INCOME TAX APPELLATE TRIBUNAL KOLKATA BENCH ‘A’, KOLKATA ITA No. 196/Kol/2013 : Asstt. Year : 20... Read More
admin INCOME TAX APPELLATE TRIBUNAL, Income-tax Act, 1961 March 6, 2016 Section 12AA 80G5 charitable trust approval rejection on defective dissolution clause in the deed is beyond the scope of enquiry for grant of registration INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA I.T.A. Nos. 1456 & 1457/KOL/ 2015 ... Read More
admin Income-tax Act, 1961 March 6, 2016 Corporation Tax Rates For FY 2015-16 & 2016-17 India Corporation tax is the biggest worry of startups companies nowadays. After all it is tax on the tota... Read More
admin Budget, Income-tax Act, 1961 March 6, 2016 ITR filing made compulsory if total income together with exempt LTCG from Equity shares exceeds basic exemption limit In order to rationalise the time allowed for filing of returns, completion of proceedings, and reali... Read More