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CIT duly empowered to decline request

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  • CIT duly empowered to decline request

    No disallowance u/s 14A if no exempt income earned or received [Delhi High Court: Cheminvest Ltd. v. CIT].

    Time barred assessment cannot be reopened for non satisfaction of conditions for reopening [High Court of Bombay and Goa held in the case of Betts India Pvt. Ltd. V/s DCIT].

    CIT duly empowered to decline request for waiver of interest U/s. 234C [High court: The Fertilizers and Chemicals Travancore Ltd. vs. DCIT].

    The conditions imposed for hearing objection petition must be reasonable and through speaking order [Appellate Tribunal, VAT: Wattan Vani Enterprises Pvt Ltd].

    Re-insurance service is an input service for providing output service of life insurance [Hon'ble Karnataka High Court in the case of CCE Vs. PNB Metlife India Insurance Co. Ltd].

    Cost XBRL Taxonomy 2015, Cost Business Rules and Cost validation tool released and CRA-4 E- Form available for filing with effect from 11.09.2015.

    Committee of ICAI invites proposals from CA, Capital Market experts having knowledge and flair of capital market to conduct Investor Awareness Program. Send email at cfmip_rp@icai.in.
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