Month: May 2019
Allowing telescoping of surrendered income against bogus sundry creditors appearing in the books of accounts was wrong – ITAT ABCAUS Case Law Citation: ABCAUS 2966 (2019) (05) ITAT The instant appeal was filed by the Revenue against the order of the Commissioner of Income Tax (Appeals) in allowing …
Chartered flight travel by a charitable society enjoying tax benefit was an unreasonable expenditure. ITAT confirms addition for want of justification ABCAUS Case Law Citation:ABCAUS 2965 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties:Chiranjiv Charitable TrustIndraprastha Cancer Society 229 Taxmann 93 (Del)Lissie medical institutions vs. …
Interest Income paid on Interest Bearing Maintenance Security by Resident Welfare Association held to be allowable expenditure u/s 57(iii) ABCAUS Case Law Citation: ABCAUS 2964 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Belaire Condominium Association vs. ITO Bangalore Club vs. CIT 350 ITR 509. …
Meager or nil income of the lender no reason to make addition u/s 68 as bogus enty. Income may be a good reason for examining source but certainly not conclusive. ABCAUS Case Law Citation: ABCAUS 2963 (2019) (05) ITAT In the instant appeal filed by the Revenue before …
Salary earned for services rendered abroad by non resident not taxable in India treating it as accrued or arisen in India only because it was received in India ABCAUS Case Law Citation: ABCAUS 2962 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: Utanka Roy vs. …
High Court declined to direct Director Investigation when petitioner was attempting to use the Court as a platform to settle his personal score ABCAUS Case Law Citation: ABCAUS 2961 (2019) (05) HC In the instant case the Petitioner had filed a Writ Petition before the Hon’ble High Court. …
Guidelines for launching of Prosecution in relation to offences punishable under the Customs Act, 1962 related to foreign currency, foreign nationals. Circular No. 12/2019-Customs F. No. 394/68/2013-Cornmr (Inv.-Cus.) Pt. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs (Investigation-Customs) ******* 10th …
ICAI Invitation to Empanel as resource person for Mock Interview/Group Discussion for newly qualified CAs The Institute of Chartered Accountants of India (ICAI) organizes Campus Placement Programme for newly qualified Chartered Accountants twice a year at select centers across the country. In order to provide an extra edge …
Extension of the due date for deposition of TDS / filing of Quarterly Statement of TDS in Odisha due to Cyclone Fani. CBDT Order under section 119 of the Income Tax Act, 1961 F. No. 275/38/2017 -IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North …
Companies Prospectus & Allotment of Securities 3rd Amendment Rules 2019-Reconciliation of Share Capital Audit Report Form PAS-6 to be filed with Registrar Government of India Ministry of Corporate Affairs Notification New Delhi, the 22 May , 2019 G,S.R. — (E) – -In exercise of the powers conferred by …
