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Archive: 21 July 2014

Posts in 21 July 2014

FM Confident of achieving Direct Tax Collection target for FY 2014-15

July 21, 2014 905 Views 0 comment Print

Revenue Targets Fixed for Direct Taxes for the Current Financial Year 2014-15 would not only be Achieved but would be Surpassed:FM The Union Finance Minister Shri Arun Jaitley hoped that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed. The current […]

Penalty not leviable on issue on which a substantial question of law has been framed by HC

July 21, 2014 1445 Views 0 comment Print

Admittedly the impugned addition pertaining to the amount received by the assessee from M/s. Newell Rubbermaid Inc. has been upheld by the Tribunal. At the same time we also observed that in assessee’s appeal ITA No. 1235/2011 order vide dated 29.11.2011 (supra) the Hon’ble High Court

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