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Challenging the order dated 3-5-2013 of the Commissioner (Appeals)-7, Mumbai, the assessing officer (AO) has filed the present appeal. Assessee-company, deriving income from house property, filed its return of income on 18-10-2007, declaring loss of Rs. 1.5 crores. The assessing officer completed the assessment, under section 143(3) of the Act, on 4-12-2009, determining its income at Rs. (-)9.46 lakhs.
May 30, 2017 at 12:51PM
from CA Sandeep Kanoi
The week saw megawatt Bollywood film star Shah Rukh Khan (SRK) enthralling a jam packed audience at the April 27 TED conference
April 30, 2017 at 02:08PM
from Kirti Sharma
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Ld. CIT(A) has rightly observed that the assessee is not required to explain source of source of the fund gets buttressed by the amendment made in section 68 with effect from 01.04.2013, which empowers the AO to examine source of source in case of share application money from 01.04.2013 and no other cases prior to that.
April 23, 2017 at 02:00PM
from CA Sandeep Kanoi
Theresa May says the election is about Brexit. Leading EU opinion says it will make no difference. I happen to think the EU negotiators are right: May has all she now says she wants on Brexit, so the election is about something more than that.
What, then, is that ‘something’? That is the question that needs to be asked. I think the answer is apparent. It is about advancing the neoliberal cause. Brexit may not have been May’s choice, but advancing the interests of a few in society is always at the core of Conservatism, and whatever the circumstances that is what Conservative’s do best. And that is what May will do now. Brexit provides an opportunity to do that. She wants to take it.
And she needs to do so. As I have argued, a UK economic downturn looks likely, and soon. Massive problems also exist in the NHS, education, the justice system, social care, housing, energy, earnings and elsewhere, all of which are going to become increasingly apparent over the next few years with backlashes likely on most that Tories will wish to ignore.
Give her five years with a big majority and May thinks she can ride out these storms. She may only be a single term prime minister: the possibility of political realignment in what may be a reduced UK by 2022 is already becoming apparent. But that does not worry her, I suspect. Like all neoliberals her one goal is to push back the state and increase inequality. And that is what she has the chance to do.
The so-called Great Repeal Bill, with its Henry VIII clauses that willdeny accountability, will reduce employee and environmental rights, harm the protection for those with disabilities (as if that could still be imagined), diminish universal rights to health care, harm security in old age, damagingly bias markets in favour of big business and foreign owned companies, remove legal protections, probably claw back against LGBT rights, undermine social stability and encourage the break up of the Union. But none if this will matter to May. She will have fostered the self interest of the few, increased their access to the state as a means for appropriating its common wealth for private gain and will have put in place mechanisms that will be contractually hard for successors to unwind. That is the goal.
And that is what this election is about. Under the smokescreen of Brexit Theresa May is pursuing class warfare against most of us. And with a mass propaganda machine behind her she is getting away with it, aided and abetted by an official opposition that is seemingly dedicated to trivia. This us the general election of 2017. And it’s not pretty.
April 23, 2017 at 01:59PM
from Richard Murphy
EUR/USD is holding its breath but beginning to show signs of worry towards the French elections. What’s the trade? Here is their view, courtesy of eFXnews: Going into the first round of the French elections on Sunday, BTMU FX Strategy Research’s base …
The post EUR/USD: Trading The First Round Of French Elections – BTMU appeared first on ForexTV.
April 22, 2017 at 01:30PM
from EUR Editor
