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Archive: 07 September 2015

Posts in 07 September 2015

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

February 14, 2025 3918 Views 0 comment Print

Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.

Reimbursement of mobile phone call charges for field formations under CBEC

September 7, 2015 1591 Views 0 comment Print

In terms of the provisions contained in paragraph 5.1 of the Department of Expenditure Office Memorandum No. 7 (3) E-Coord /2006 dated 22.07.2006, call charges for select number of mobile phones (1857) to officers of the Customs & Central Excise Department was being reimbursed under the scheme of 1 % incremental revenue as incentive provision in view of the requirement of connectivity of field officers with the senior officers at headquarters till the F.Y. 2011-12.

Requirement of registration of quantity with DGFT for export of sugar dispensed

September 7, 2015 9057 Views 0 comment Print

Export of organic sugar without any quantity limits, will be permitted till the time export of sugar is Free. Such export will be subject to the condition that the sugar should be duly certified by APEDA as being organic sugar.

Mere voluntary disclosure after survey proceedings cannot tantamount to bonafide action

September 7, 2015 1679 Views 0 comment Print

ITAT Jaipur held In the case of Nirmal Kumar Bardia vs. DCIT that argument of the assessee that the assessee had disclosed salary received from RMC Gems Thai Co. Ltd., Bangkok voluntarily has not substantiated with any evidence.

Statement u/s 132(4) being rebuttable presumption, can be retracted later on valid evidences

September 7, 2015 3265 Views 0 comment Print

ITAT Jaipur held In the case of ACIT vs. Shri Johari Lal Sodhani that the CIT (A) had given various reasons of retraction and also has considered the evidence for not honouring the statement made under section 132(4).

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