Month: July 2018
Instant e-PAN allotment in real time free of cost for limited period. Please note that Instant e-PAN allotment facility06 Instant e-PAN allotment Income Tax Department is offering Instant e-PAN allotment (Beta version) in near to real time free of cost for limited period. Individuals (other than minors) with …
CA upheld guilty of certifying fake balance sheet for obtaining loan-credit facility. No satisfactory working papers were found. Ban of one year and fine also upheld ABCAUS Case Law Citation: ABCAUS 2399 (2018) 07 AA As per the complaint of the CBI to the Institute of Chartered Accountants …
Section 50C not apply to sale of right in property-ITAT deleted addition as what was sold was right in property not land or building ABCAUS Case Law Citation: ABCAUS 2398 (2018) 07 ITAT The appellant assessee had challeneged the order passed by the CIT(A) in upholding the addition …
Review of mechanism of dividend adjustment for stock options-SEBI CIRCULAR CIR/MRD/DoP-1/P/00108/2018 July 5, 2018 To All Stock Exchanges Dear Sir/Madam, Sub: Review of Adjustment of corporate actions for Stock Options. 1. SEBI, vide Circular No. SMDRP/DC/CIR-8/01 dated June 21, 2001, prescribed a framework for adjustment of corporate actions …
Section 54F deduction for construction of additional floor in existing building allowed by ITAT as it was an independent dwelling unit with separate kitchen and electric connection ABCAUS Case Law Citation: ABCAUS 2397 (2018) 07 ITAT The appellant assessee had challeneged the order passed by the CIT(A) in upholding …
High Pitched Scrutiny Assessment-concerned AO to be transferred and no coercive action for recovery in cases identified by the Local Committee-CBDT Chairman Functioning of Local Committee to deal with tax payers’ grievances arising from High-Pitched Scrutiny Assessments In 2015, the CBDT had issued Guidelines for constitution of Local …
IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Insolvency and Bankruptcy Board of India PRESS RELEASE 4th July, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process …
More than Rs 70000 crore of refunds issued in dedicated fortnight and more than 20000 matters disposed – CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 4th July, 2018 PRESS RELEASE Special drive for expeditious clearance of pending appeal …
Rejection of Settlement application for not disclosing refund granted due to failure of chartered accountant to inform- High Court quashed the order ABCAUS Case Law Citation: ABCAUS 2396 (2018) 07 HC Important Case Laws Cited/relied upon by the parties: Vascon Engineers Ltd., vs. Income-tax Settlement Commission and Others …
5 different ways to e-verify Income Tax Return The Income Tax Department has advised the tax payers (whose accounts are not liable to audit) to file return on or before 31st July, 2018. The Department has also reminded the 5 different ways to e-verify Income Tax Return. ITR can also …
