Month: February 2019
No disallowance u/s 43B when unpaid custom duty was included in the value of the closing stock – Supreme Court dismissed SLP of the Department ABCAUS Case Law Citation: ABCAUS 2776 (2019) (02) SC The Assessing Officer (AO) had made a disallowance u/s 43B of the Income Tax …
ICAI to conduct its Disciplinary Proceedings through e-hearings as a pilot project The Institute of Chartered Accountants of India (ICAI) is all set to conduct its Disciplinary Proceedings through e-hearings for expeditious disposal of Disciplinary cases. The ICAI, for the first time, have fixed to conduct e-hearing of disciplinary proceedings on February 9, 2019 through Video-conferencing …
Establishment of Circuit Bench of the Calcutta High Court at Jalpaiguri The President of India has issued the Calcutta High Court (Establishment of Circuit Bench at Jalpaiguri) Order, 2019 for establishment of Circuit Bench of the Calcutta High Court at Jalpaiguri. The said order shall come into force …
No Penalty u/s 271(1)(c) for addition on account of closing stock valuation by adopting a different method when there is no change in method of valuation ABCAUS Case Law Citation: ABCAUS 2775 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties M/s Janta Construction Co. vs. …
Customs Brokers Licensing (Amendment) Regulations, 2019. Online written exam to be conducted by NACIN in 1st quarter of the calendar year 2019 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No. 08/2019-Customs (N.T.) New Delhi, the 6th February, 2019 G.S.R. 96(E).—In exercise of the powers …
Monetary limits for filing of income tax appeals as per CBDT Circular 3 of 2018 extended to Wealth tax matters F. No. 279/Misc/M-84/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial Section Circular No.5/2019 New Delhi, 5th February 2019 Subject:- Monetary limits for filing/withdrawal of Wealth Tax …
Directors receiving remuneration also employee u/s 2(9) of the Employees’ State Insurance Act, 1948 – Supreme Court ABCAUS Case Law Citation: ABCAUS 2774 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Employees’ State Insurance Corporation Vs. Apex Engineering Pvt. Ltd. ; Sakal Papers Private Limited …
ICAI warns members, students and public at large about a fake website created using the ICAI name. ICAI has warned its members and students and public at large that a fake website namely www.icaitestseries.com has been created by an unidentified person by using the ICAI name. In the advisory, it …
Sales Tax liability on free replacement of defective parts in motor vehicles during warranty period. Matter to be decided by Larger Bench of SC ABCAUS Case Law Citation: ABCAUS 2773 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Mohd. Ekram Khan & Sons v. Commissioner …
IGST exemption withdrawn for supply of services in Nepal or Bhutan,against payment in Indian Rupees. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 2/2019-Integrated Tax (Rate) New Delhi, the 4th February, 2019 G.S.R. 86(E).—In exercise of the powers conferred by sub-section (1) of section 6 of the Integrated Goods and …
