Month: June 2018
Cash loan from father to son for financial support not covered u/s 269SS. Repayment also not covered u/s 269T-Tribunal deletes penalty u/s 271D and 271E ABCAUS Case Law Citation: ABCAUS 2387 (2018) 06 ITAT Important Case Laws Cited/relied upon by the parties: Anant Himatsingk vs Addl. Commissioner of …
Grant of commendation certificate on the occasion of GST Day 2018 Central Board of Indirect Taxes and Customs has decided to grant Commendation Certificate on the occasion of GST Day-2018. July 1st is expected to be celebrated as GST-Day to mark one year anniversary. As per the letter …
An undated confirmation letter cannot be rejected unless proved false. ITAT deletes addition made u/s 68/69 for cash deposits in bank account ABCAUS Case Law Citation: ABCAUS 2386 (2018) 06 ITAT The instant appeal was filed by the assessee against the order of the Commissioner of Income Tax …
Raising monetary limits for CESTAT / HC / SC in Central Excise & Service Tax matters to Rs. 50 lakhs, 01 Cr and 05 Cr respectively Urgent By 06.07.2018 F.N0.390/Misc/116/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Judicial Cell) New …
Bounced cheque can not be treated unexplained credits u/s 68. Onus to prove identity, genuineness and creditworthiness of the party out of question – ITAT ABCAUS Case Law Citation: ABCAUS 2385 (2018) 06 ITAT The instant appeal was filed by the Revenue against the order of the Commissioner …
Many Key Decision taken in 222nd Meeting of the Central Board of Trustees, EPF The 222nd meeting of the Central Board of Trustees, EPF was held yesterday under the chairmanship of Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Kumar Gangwar at New Delhi. The Central …
Foreign company resident in India due to Pace of Effective Management PoEM. Provisions of the Income Tax Act applicable from 01/04/2018-CBDT Notification MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 29/2018 New Delhi, the 22nd June, 2018 (INCOME-TAX) S.O. 3039 (E).—In exercise of the powers conferred by sub-section …
Allahabad HC admits PIL against creation of ITAT Varanasi Bench alleging non constitution of permanant benches at Allahabad regularly to dispose of cases ABCAUS Case Law Citation: ABCAUS 2384 (2018) 06 HC Allahabad High Court has admitted a Public Interest Litigation (PIL) filed by the Income Tax Bar …
RBI has released the Financial Stability Report (FSR). Stress Tests/ contagion analysis capture state of financial system under adverse but plausible scenarios As per the RBU Press Release, the said FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from …
GST Council website now hosting Advance Ruling Orders The need was much felt for having a repository for orders of Authority for Advance Ruling (AAR) where they can be accessed by traders/general public Under Section 97(2) of SGST Act, 2017, various categories for Advance Rulings are as under …