Daily Archives: July 24, 2016

Book on Minimum Alternate Tax & Alternate Minimum Tax [2016 Edition]

By | July 24, 2016

Guide to Minimum Alternate Tax MAT & Alternate Minimum Tax AMT as Amended by Finance Act 2016 (English) (Paperback) BUY Specifications of Guide to Minimum Alternate Tax MAT & Alternate Minimum Tax AMT as Amended by Finance Act 2016 (English) (Paperback) BOOK DETAILS Publisher Taxmann Publications (P.) Ltd. ISBN-10 9350719150 Edition 2016 Publication Year 2016 Language… Read More »

Prevention of corruption & Benami transactions Bills for 2nd week of Monsoon Session

By | July 24, 2016

Bills relating to Afforestation Fund, Prevention of corruption, Benami transactions, Whistle Blowers Protection on the agenda for second week of Monsoon session of Parliament Five Bills passed during first week of Monsoon session ; Government lines up four more Bills Following the productive first week of the current Monsoon session of Parliament during when five… Read More »

No Depreciation on Leasehold rights in land , it not intangible Asset : ITAT

By | July 24, 2016

Held we hold that by virtue of lease only an interest in land is created which does not qualify for allowance e of depreciation. IN THE ITAT BANGALORE BENCH ‘C’ Cyber Park Development & Construction Ltd. v. Deputy Commissioner of Income-tax, Circle 11(2), Bangalore SUNIL KUMAR YADAV, JUDICIAL MEMBER AND INTURI RAMA RAO, ACCOUNTANT MEMBER… Read More »

No penalty when show cause notice is silent on ‘ suppression ‘

By | July 24, 2016

CESTAT, CHENNAI BENCH GRR Logistics (P.) Ltd. v. Commissioner of Service Tax, Chennai P.K. CHOUDHARY, JUDICIAL MEMBER FINAL ORDER NO. 40865/2016 APPEAL NO. ST/42193/2015 MAY  31, 2016 B. Ganesh Prabhu, CA for the Appellant. L. Paneerselvam, AC (AR) for the Respondent. ORDER 1. This is an appeal filed against OIA No.125/2015 (STA-I) dated 27.7.2015 passed… Read More »