Daily Archive: Tuesday, August 15, 2017

Validity Period of E-way Bill 01 under UP GST based on distance covered in KM

Author: | Categories: GST No comments
Validity Period of E-way Bill 01 uner UP GST for Transportation/Movement of goods from other State to Uttar Pradesh based on distance covered in KM Under UP GST, the process for e-way bill downloading has been revised and modified. Uttar Pradesh Commercial Tax Commissioner has issued an Office Order dated

 

Revised process of downloading e-way bills under Uttar Padesh GST from 16.08.2017

Author: | Categories: GST 1 Comment
Revised process of downloading e-way bills in UP from 16.08.2017 by both registered dealers or unregistered dealers from Uttar Pradesh Com tax website Under Uttar Pardesh GST Rules, 2017, during transportation of goods/ or carriage of goods for storage , e-way bills have been made compulsorily to accompany such

 

Income contained in unverified transaction can only be taxed and not the entire transaction -ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Income contained in unverified transaction can only be taxed and not the amount of entire transaction.  ITAT upheld tax on profit embed in alleged bogus purchase ABCAUS Case Law Citation: ABCAUS 2031 (2017) (08) ITAT The issue involved: The only issue involved in present two appeals filed by the

 

20 years aged person capable enough to give tips for purchasing shares. ITAT deletes penalty u/s 271(1)(c)

Author: | Categories: Income Tax, ITAT, Judgments No comments
20 years aged person capable enough to give tips for purchasing shares. ITAT deletes penalty u/s 271(1)(c) for subjective disallowance of commission paid for tips given to customers- ITAT   ABCAUS Case Law Citation: ABCAUS 2030 (2017) (08) ITAT Assessment Year :  2010-11 Brief Facts of the Case: During

 

Reopening us 147 based on material found in search not permissible – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Reopening us 147 based on material found in search not permissible. In such cases section 153C applies for framing assessment  which excludes application of section 147 – ITAT   ABCAUS Case Law Citation: ABCAUS 2029 (2017) (08) ITAT Assessment Year :  2007-08 Important Case Laws Cited/relied upon by the