Daily Archives: January 23, 2017

No Penalty for non payment of self-assessment tax due to recession

By | January 23, 2017

Issue The appellant failed to deposit the self assessment tax before the due date of filing of return.The Assessing Officer imposed a penalty Held We find that in the facts of the present case the assessee is consistently pleading lack of funds on account of a sudden recession in the industry. In support of the said… Read More »

Corporate & Allied Laws Book for CA Final May 2017 by Munish Bhandari

By | January 23, 2017

Corporate & Allied Laws Book for CA Final May 2017 by Munish Bhandari Corporate & Allied  Laws Book for CA Final May 2017 by Munish Bhandari has been specially designed for the students appearing in May 2017 CA (Final) Examination of ICAI. It has been written in accordance with the latest syllabus prescribed by ICAI for Paper 4:… Read More »

Filing Appeals – CBDT Clarification -when Revenue Audit Objection accepted

By | January 23, 2017

CBDT Issues Clarification on Filing Appeals CBDT Issued following clarification on Filing Appeals by Income tax Department against Assessee Circular No 5/2017 FTS No 279157 /ITJ Govt of India Ministry of Finance Central Board of Direct Taxes New Delhi , Dated 23rd January 2017 Subject : Measure of Reducing Litigation -Clarification on Circulars 21/2015 and… Read More »

Presidential Award of Appreciation Certificate to 40 Officers of Customs & Excise

By | January 23, 2017

40 Officers of the Customs & Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service. Every year, the Officers of the Board of Customs & Central Excise, Department of Revenue are considered for grant of Presidential Award of Appreciation Certificate for ‘exceptionally meritorious service rendered at the… Read More »