IN THE ITAT LUCKNOW BENCH ‘B’ Kanpur Electricity Supply Co. Ltd. v. Deputy Commissioner of Income-tax-VI, Kanpur SUNIL KUMAR YADAV, JUDICIAL MEMBER AND A.K. GARODIA, ACCOUNTANT MEMBER M.A. NO. 27(LKW) OF 2015 IT APPEAL NO. 311(LKW) OF 2014 [ASSESSMENT YEAR 2004-05] SEPTEMBER 2, 2015 Arvind Shukla, Adv. for the Applicant. Smt. Pinki Mahawar, D.R. for… Read More »
29-CA/Law/NDM-1134 27th November, 2015 To, The… Read More »
Facts of the Case:- GKN Driveshafts (India) Ltd’s case , the Supreme Court had directed as under:— “However, we clarify that when a notice under Section 148 of the Income-tax Act is issued, the proper course of action for the noticee is to file return and if he so desires, to seek reasons for issuing… Read More »
Following are the transactions for which income tax department collect information through Annual Information Return (AIR) under rule 114E Cash deposits aggregating to ten lakh rupees or more in a year in any savings account of a person maintained in that bank. Payments made by any person against bills raised in respect of a credit… Read More »
F.No.285/90/2013 IT (Inv.V)/212 Govt of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) 04.09.2015 Guidelines for Compounding Offences under Income Tax Act in case of person holding foreign Bank Accounts/Assets : Guidelines
Ministry of Information & Broadcasting of Govt of India on 30-November, 2015 The 46th International Film Festival of India, that began in Goa on November 20, draws to close today with a Closing Ceremony paying a musical tribute to the spirit of Cinema and screening of the Closing Film ‘The Clan’ from Argentina. Following are… Read More »
Brief Facts of the case The respondent in the present appeal, is a manufacturer of car air-conditioning kits. It classified the said goods under Item No. 5 of Heading 8415 of the Schedule to the Central Excise Tariff Act, 1985 (for short, ‘the Act’) for the purpose of availing the benefit of exemption as given… Read More »
I. Coins Coins in India are presently being issued in denominations of 50 paise, one rupee, two rupees, five rupees and ten rupees. Coins up to 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’. Coins in the denomination of 1 paise, 2 paise, 3 paise, 5… Read More »