Day: September 30, 2018
Addition for no withdrawal for household expenses-Contention that husband met out all expenses did not justify nil withdrawal by assessee wife – ITAT ABCAUS Case Law Citation: ABCAUS 2549 (2018) 09 ITAT No household expenses withdrawal claiming husband paid all expenses The Case was selected for scrutiny through …
Employee working in Govt department for a long period of time, cannot be presumed to not having any cash in hand – ITAT deleted addition for unexplained opening cash in hand as per cash flow statement ABCAUS Case Law Citation: ABCAUS 2548 (2018) 09 ITAT Govt employee cannot …
Rejection of books of account for non inclusion of freight and cartage in the value of the closing stock had distorted the correct figure of profit. Therefore, the AO was within his right to reject the books of accounts u/s 145(3) ABCAUS Case Law Citation: ABCAUS 2547 (2018) …
Government constitutes Competition Law Review Committee to review the Competition Act passed in 2002. Government constitutes Competition Law Review Committee to review the Competition Act In pursuance of its objective of ensuring that Legislation is in sync with the needs of strong economic fundamentals, the Government has constituted a …
UP Government to form new committee to deal cases where GST Tran-1 could not be filed on last date i.e. 27.12.2017 due to technical glitches in GSTN The Uttar Pradesh Government to form a new committee to take care of the individual cases where the dealers could not …
New changes / improvements made in the E- Way Bill (EWB) generation form from 1st of Oct. 2018. Enhancements in E-Way Bill Form Following are the enhancements done in the EWB generation Form from 01.10.2018: 1. Display of only relevant document types in “Document Type” drop down list …