News Update

CX - Cenvat credit is available in respect of inputs cleared without payment of duty to 100% EOU: CESTATPM approves reconstitution of NITI AayogST - Benefit u/s 80 of Finance Act 1994 must be allowed where assessee remits service tax immediately upon being prompted by auditor - Penalties u/s 76 & 78 of Finance Act merit being dropped: CESTATCharanjit Singh Channi to be next Punjab CMEye on nutrition & sustainable agriculture, India to share best practices with other nationsI-T - For purposes of claiming deduction u/s 80IB, assessee is entitled to claim proportionate relief in respect of units that satisfy prescribed condition : ITATI-T - Penalty for concealment of particulars of income cannot be levied for non-disclosure of income under bona fide belief that it is not assessee's income at all : ITATDPIIT to launch Industrial Park rating systemI-T - Once assessee is held eligible for claiming exemption, assessee is not estopped to make correct claim by way of revised computation : ITATI-T - Payment of interest shall be mandatory and the period shall run from the date on which tax u/s 201(1) was payable to the date of furnishing of return of income by the payee : ITATI-T- Method of accounting adopted by assessee consistently and regularly cannot be discarded : ITATE-Shram portal registers over 1 crore workers in unorganised sectorI-T - Disallowance can't be made under Rule 8D without being dissatisfied with correctness of claim of assessee : ITATI-T - PCIT cannot pass order u/s 263 on the ground that thorough enquiry should have been made by AO : ITATI-T - Revisionary proceedings u/s 263 initiated pursuant to assessment order that has been quashed are invalid : ITATI-T - Penalty imposed u/s 271(1)(c) can be sustained where the additions based on which penalty was imposed, are themselves set aside : ITATI-T - Sec 14A will not apply if no exempt income is received or receivable: ITAT
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The Last DDT
TIOL DDT 3002, December 30, 2016
SCNs Issued by DRI - To Remain in Call Book
TIOL DDT 3001,
December 29, 2016
DDT is 3000
TIOL DDT 3000,
December 28, 2016
Credit Card - Service Tax on interest portion? - Payable - Board confirms
TIOL DDT 2999,
December 27, 2016
Detention by Customs/DRI - No fault of importer - Demurrage and Shipping Line Charges to be paid by Customs/DRI - Cost Imposed
TIOL DDT 2998,
December 26, 2016
Payment of Tax can be made with Old Currency
TIOL DDT 2997,
December 23, 2016
Anti Dumping Duty on Soda Ash - Notifications Rescinded, but ADD to Continue till High Court Decides the Matter - Government @ speed of Light
TIOL DDT 2996,
December 22, 2016
Current Financial Year 2016-17 is not Conventional Year - FM
TIOL DDT 2995,
December 21, 2016
Service Tax - Online Invoice without Digital Signature
TIOL DDT 2994,
December 20, 2016
Black Money Tax
TIOL DDT 2993, December 19, 2016
RBI Restrictions on Withdrawal from Banks
TIOL DDT 2992, December 16, 2016
Income Tax - Due Date for Payment of Advance Tax Should be Extended in TN
TIOL DDT 2991, December 15, 2016
Less Cash - Less Corruption, Less Tax Evasion
TIOL DDT 2990, December 14, 2016
GST Bills Have to Wait for Next Session of Parliament
TIOL DDT 2989, December 13, 2016
Card Transaction - Service Tax Exemption
TIOL DDT 2988, December 09, 2016
Deposits in Jan Dhan Accounts Not Alarming - Income Tax Department
TIOL DDT 2987, December 08, 2016
Taxpayers and professionals have not been able to keep up pace with IT changes of I-T Department
TIOL DDT 2986, December 07, 2016
Payment by Government Departments through e-payment
TIOL DDT 2985, December 06, 2016
Elusive Power Sharing Agreement - No GST on 1st April 2017?
TIOL DDT 2984,
December 05, 2016
No limit on holding of gold jewellery or ornaments provided it is acquired from explained sources of income including inheritance
TIOL DDT 2983,
December 02, 2016
12 Years of DDT
TIOL DDT 2982, December 01, 2016