Month: July 2018
Appointment of Insolvency Professionals as authorised representative for classes of creditors by electronic means before 15 days of resolution plan approval Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/CIRP/015/2018 13th July, 2018 To All Registered Insolvency Professionals All Recognised …
ICAI tie up for free ITR and TDS Return Preparation software for Practising Chartered Accountants & CA Firms. The Software is free of cost for 2 financial years The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has …
Revision u/s 263 upheld as AO had not formed any opinion but erroneously allowed the capital expenses as revenue causing a clear prejudice – High Court ABCAUS Case Law Citation: ABCAUS 2422 (2018) 07 HC The instant appeal was filed by the assesseee against the order of the …
Amendment to forms of application for obtaining advance ruling in Form No. 34C, 34D for quoting identification number of non-resident MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 31/2018-Income Tax New Delhi, the 13th July, 2018 G.S.R. 647(E).―In exercise of the powers conferred …
Section 54 Exemption not require utilisation of sale proceeds of original capital asset only. Investment out of bank loan and owned fund allowable- ITAT ABCAUS Case Law Citation: ABCAUS 2421 (2018) 07 ITAT The instant appeal was filed by the assessee against an order passed by the Commissioner …
CBDT asks for withdrawal of Income Tax Appeals in accordance with revision of monetary limits as per Circular No.3/20 18 dated 11.07.2018 issued by the Board Withdrawal of appeals in consequent to Circular No. 3/2018 CBDT vide Circular No. 3/2018 dated 11.07.2018 has enhanced the monetary limits for …
Ex parte penalty order passed ignoring adjournment application filed set aside as the CIT-A had never ever bothered to peruse the Appellate Folder ABCAUS 2420 (2018) 07 ITAT The instant appeal was filed by the assessee against an order passed by the Commissioner of Income Tax (Appeals) whereby …
CBIC to observe Third Refund Fortnight to clear pending refunds Refunds of GST have been a concern for the Government and Trade for the past several months. In this regard, the CBIC has observed two special drives cum refund fortnights in the Month of March, 2018 (15th to …
Sale of Edible white button mushroom held as agricultural income exempt u/s 10(1). Soil even when separated from land continues to be a specie of it – ITAT ABCAUS Case Law Citation: ABCAUS 2419 (2018) 07 ITAT The Hon’ble President ITAT had referred the following question to the …
MCA constitutes committee to review decriminalisation of offences under the Companies Act 2013 where a penalty could be levied instead MCA has constituted a 10-Member Committee to review the offences under the Companies Act, 2013 The Ministry of Corporate Affairs (MCA) has constituted a 10 Member Committee, headed by …