Author Archive

Destruction of Pan Masala stock on court’s order due to impermissible limits disallowed u/s 37(1) being prohibited by law – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
Destruction of Pan Masala stock on court’s order due to impermissible limits of magnesium carbonate disallowed u/s 37(1) being prohibited by law and not incurred for the purpose of business – ITAT   ABCAUS Case Law Citation: ABCAUS 2124 (2017) (11) ITAT The Challenge/Grievance: The instant appeal was filed

 

Milling of paddy into rice not eligible for exemption – CBEC Circular

Author: | Categories: GST No comments
Milling of paddy into rice not eligible for GST exemption under Notification 12/2017-Central Tax (Rate) Clarification Circular No. 19/19/2017-GST F. No. 354/263/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 20th November 2017 To, The Principal Chief Commissioners/Chief Commissioners/ Principal

 

Aadhaar Data is Never Breached or Leaked – UIDAI denies media news

Author: | Categories: Aadhaar No comments
Aadhaar Data is Never Breached or Leaked UIDAI denies media news report, that 210 Government sites made Aadhaar info public Press Information Bureau  Government of India Ministry of Electronics & IT  20-November-2017 14:22 IST Aadhaar Data is Never Breached or Leaked: UIDAI  The Unique Identification Authority of India (UIDAI)

 

No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security – ITAT

Author: | Categories: Income Tax, ITAT, Judgments No comments
No deemed dividend u/s 2(22)(e) where personal property pledged as collateral security for enabling the company to obtain loan/credit facilities from bank – ITAT   ABCAUS Case Law Citation: ABCAUS 2123 (2017) (11) ITAT The respondent assessee was one of the directors of a Private Limited Company with substantial

 

Syndicate Bank Empanelment of Concurrent Auditors for 2018-19 Last date is 25.11.2017

Author: | Categories: Concurrent Audit No comments
Syndicate Bank Concurrent Auditors Empanelment for 2018-19. Last date to apply online is 25.11.2017 Online Applications for empanelment of Concurrent Auditors are accepted from 01.11.2017 to 25.11.2017. Applications in other modes are not entertained. Syndicate Bank Concurrent Auditor Online Application Selection of Concurrent Auditors for 2018-19 Information for applicants

 

Voluntary disclosure in all cases cannot absolve liability of concealment penalty u/s 271(1)(c) – High court

Author: | Categories: High Courts, Income Tax, Judgments No comments
Voluntary disclosure in all cases cannot absolve liability of concealment penalty. High Court confirmed penalty u/s 271(1)(c) for deferral/avoidance of tax. Willful concealment is not an essential ingredient for attracting civil liability as is the case in the matter of prosecution under section 276C – High Court ABCAUS Case Law

 

Updated Harmonized Master List of Infrastructure Sub-sectors notified

Author: | Categories: Finance Ministry No comments
Updated Harmonized Master List of Infrastructure Sub-sectors notified MINISTRY OF FINANCE (Department of Economic Affairs) (INFRASTRUCTURE POLICY AND PROGRAMME SECTION) NOTIFICATION New Delhi, the 14th November, 2017 F. No. 13/1/2017-INF.—With the approval of the Competent Authority, an updated Harmonized Master List of Infrastructure Sub-sectors (Annexure-I) is hereby notified. The