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Cash Deposit by 17.92 Lakh persons not matches their tax profile

March 11, 2017 38241 Views 2 comments Print

Operation Clean Money; Income Tax Department identifies 17.92 Lakh persons whose tax profiles were not in line with the cash deposits made by them during the demonetization period

Withdrawal of Service Tax Exemption for Educational Institutions

March 10, 2017 63075 Views 4 comments Print

Notification No. 10/2017-Service Tax has been issued by Government so as to withdraw exemptions granted earlier to few specific Services provided to an Education Institutions.

AO has no jurisdiction to examine constitutional validity of any Act

March 3, 2017 9093 Views 0 comment Print

All the appeals are directed against the common order dated 18.02.2016 passed by the learned Single Judge in the respect of writ petitions whereby the learned Single Judge, for the reasons recorded in the order, has set aside the impugned assessment orders so far as they relate to Privilege Fee as being taxable income.

Section 54F exemption on investment out of borrowed funds, in the name of Karta by HUF & On Renovation of Existing Unit

January 31, 2017 16011 Views 0 comment Print

This appeal of the assessee is directed against the order of the Commissioner of Income Tax (Appeals) – 13, Chennai dated 15.09.2016 and pertains to the assessment year 2012-13.

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