Day: May 10, 2019
MCA database is a valuable addition to estimation of GDP-Government counters the media reports of untraceable companies quoting NSSO report The Central Statistics Office, four years back had made the MCA21 database a key component of GDP calculation in the new revised GDP series. Recently, as reported in …
CBIC Extends time limit for filing of Monthly Return Form ER-1 and ER-2 for April 2019 related to production and removal of goods and CENVAT credit F. No. 267/58/2019/CX-8 Government of India Ministry of Finance Department of RevenueCentral Board of Indirect Taxes & Customs New Delhi, Dated, the …
Payment of house rent to wife residing with assessee in the same house is a colourable devise to avoid legitimate payment of the taxes – ITAT ABCAUS Case Law Citation: ABCAUS 2917 (2019) (05) ITAT The assessee was an individual and deriving income from salary. He filed the …
Reopneing-AO had to act on the basis of reasons to believe and not on reasons to suspect. ITAT quashed the reopening of the assessment. ABCAUS Case Law Citation: ABCAUS 2916 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties Aas per AIR information, assessee had sold …