Commissioner of Income Tax (2017) MumHC (ITA. The TPO proposed an upward adjustment on account of difference in ALP and pursuant to the DRPs directions, the AO assessed total income. 4.35 crore which was deleted by the CIT(A). Santha Build-Tech India Pvt. The Tribunal notes that the Assessing officer had received information from dgit(Inv which was based on information received from Sales Tax Department which reflected that the assessee was beneficiary of bogus accommodation entry from 28 hawala dealers. I tax rates 12-13,3,income tax rates after budget 2012,2,income tax rates fy 2013-14,1,income tax refund,30,income tax return,25,income TAX return 16-17,15,income forex trading bot tradingview tax return 2011-12,9,income TAX return 2015-16,65,income TAX return AY 18-19,14,income tax return due date,18,income TAX return exemption,6,income tax return form,5,income TAX return form 12-13,16,income TAX. The Court held that the Income-tax Department cannot reject an application for compounding of offences u/s 279(2) of the Act, either on the ground of limitation or on the ground that such application was not accompanied by compounding fees as prescribed by cbdt circular. 100 101 "The rally followed a national effort that drew thousands of activists to Tea Party events across the country on April 15, 2009 when income taxes are due." 102 On July 17, 2009, there were additional Tea Party protests around the nation organized.
The Court confirmed the Tribunals deletion of concealment penalty levied under section 271(1 c) of the Act for AY 2007-08. TS-593-HC-2015(P H)-TP, applied the turnover filter of 10 to 1/10 times the assessees turnover (Rs. 38.41 Cr had escaped assessment, despite the fact that the cestat had ultimately held that the service tax demand raised did not hold good.
However, it rejected the assessees contention that issue regarding exclusion of convert 500 aud dollars to us dollars these two comparables on the ground that the issue was now covered by various Tribunal orders and held that it would do not like to promote a culture of not bringing on record all. Where Assessee converted the stock-in-trade of shares into investments and sold the same at a later stage, the Court held that profit arising from such sale of shares was deemed to be capital gains and not business income, and since the shares were held. It noted that out of the total disputed demand (as per rectification order) of.68cr, assessee had already paid.20cr resulting in 44 of demand being discharged and that the assessee was willing to make further payment of Rs 4cr as a result. Accordingly, it held that the delay in disposing of the appeal was not attributable to the assessee and therefore in view of the decision of Honble Delhi High Court in case of Pepsi Foods (P.) Ltd. Accordingly, it dismissed the writ petition filed by assessee challenging order passed by AO giving effect to Tribunals directions for AYs 2010-12, holding that the assesee could avail of alternative remedy before the First Appellate Authority. Firmenich Aromatics India Pvt. The amount was later raised to 100,000 for "hard evidence." In addition, the National Tea Party Federation sent a letter to the Congressional Black Caucus (CBC) denouncing racism and requesting that the CBC supply any evidence of the alleged events at the protest. "Protestors Gather for Self-Styled Tea Party". Credit Card Bill Payments : If you make Credit Card bill payments of more than Rs 1 Lakh.a in cash mode (or) Rs more than Rs 10 Lakh through Cheques / neft transfers etc., Investments in Financial Securities : A company has to report receipt of. Dcit Vs Lenovo India Pvt.
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