Daily Archives: April 22, 2017

No sec 14A Disallowance if no exempt income was earned during the year: Madras HC

By | April 22, 2017

HIGH COURT OF MADRAS Commisioner of Income-tax, Central 1, Chennai v. Chettinad Logistics (P.) Ltd. RAJIV SHAKDHER AND R. SURESH KUMAR, JJ. T.C.A. NO. 24 OF 2017 MARCH  13, 2017 T.R. Senthil Kumar for the Appellant. S. Sridhar for the Respondent. JUDGMENT Rajiv Shakdher, J. – This is an appeal filed under Section 260 A… Read More »

Sale proceeds of land appurtenant to residential house is entitled to section 54 relief: ITAT

By | April 22, 2017

IN THE ITAT DELHI BENCH ‘SMC’ Adarsh Kumar Swarup v. Deputy Commissioner of Income-tax, Circle-1, Muzafarnagar H.S. SIDHU, JUDICIAL MEMBER IT APPEAL NO.1228 (DELHI) OF 2016 [ASSESSMENT YEAR 2011-12] MARCH  28, 2017 M.P. Rastogi, Adv. for the Appellant. Ms. Bedobina Chaudhuri, Sr. DR for the Respondent. ORDER 1. The Assessee has filed this Appeal against… Read More »

NOTIFICATION NO.FTX.90/2016/68, DATED 22-6-2017 : Assam GST

By | April 22, 2017

SECTION 3 OF THE ASSAM GOODS AND SERVICES TAX ACT, 2017 NOTIFIED OFFICERS UNDER THE ACT  NOTIFICATION NO.FTX.90/2016/68, DATED 22-6-2017 In exercise of the powers conferred by section 3 of the Assam Goods and Services Tax Act, 2017 (Assam Act XXVIII of 2017), the Governor of Assam is hereby pleased to appoint the Commissioner of Taxes,… Read More »

Rs 837 Cr Tax Demand of Vodafone India Stayed by ITAT – Judgment

By | April 22, 2017

Held The assessed income in this case is more than seventy times the returned income, and the impugned additions are in respect of contentious points. In our considered view, and on a perusal of material on record and on consideration of rival contentions, the balance of convenience is in favour of partial stay on collection/… Read More »

Service Charge by Hotels & Restaurants – Guidelines by Govt of India

By | April 22, 2017

No. J- 24/9/2014-CPU(pt.) Government of India Ministry of Consumer Affairs, Food and Public Distribution (Department of Consumer Affairs) Krishi Bhavan, New Delhi The 21st April, 2017 GUIDELINES ON FAIR TRADE PRACTICES RELATED TO CHARGING OF SERVICE CHARGE FROM CONSUMERS BY HOTELS/RESTAURANTS Whereas, the Department of Consumer Affairs, Government of India is mandated to ensure that… Read More »