Month: July 2019
Insistence of tax authorities to produce a written Agreement to Sell was arbitrary perverse and unreasonable when Law permits oral agreements. There is no law that cash withdrawn from bank cannot be held in cash. ITAT accepts cash deposits out of withdrawals made 4 months earlier ABCAUS Case …
No question to supply reasons recorded unless return is filed u/s 148. ITAT dismissed the ground never raised before the authorities below ABCAUS Case Law Citation:ABCAUS 3086 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Union of India & Others vs. Rai Singh Deb Singh Bist …
Allowability of service tax written off to PL Account when input credit not allowed under Cenvat Credit Rules. ITAT deleted the addition ABCAUS Case Law Citation:ABCAUS 3085 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:T. R. F. Ltd. vs. CIT: 323 ITR 397 The Revenue …
Key Decisions taken in GST Council 36th Meeting GST rate on all Electric Vehicles reduced from 12% to 5% and of charger or charging stations for EVs from 18% to 5% Hiring of electric buses by local authorities exempted from GST Changes in GST rates shall …
ICAI Clarifies news reports on CA exam answer books found in possession of unauthorised person Recently, newspapers had reported arrest by Kolkata Police of two person with 550 answser sheets of CA Examination held in June . As reported, those arrest were not the examiners authorised by ICAI. …
Neither assessee can withdraw appeal nor CIT(A) can dismiss appeal for non-prosecution. ITAT explains the powers and duty of the First Appellate Authority. Dismisses of appeal by CIT(A) for non-prosecution results as withdrawal of appeal which is not permitted. ABCAUS Case Law Citation:ABCAUS 3084 (2019) (07) ITAT Important …
The Companies (Amendment) Act 2019 assented by the President on 31st July, 2019 In order to review the existing provisions of the The Companies Act, 2013 (the Act) dealing with the offences and better corporate compliance, the Government of India had constituted a Committee. On the recommendations made …
Property acquired by ITD u/s 269UE-High Court asks CBDT to consider regularising ownership of bonafide purchaser on payment of difference in FMV ABCAUS Case Law Citation:ABCAUS 3083 (2019) (07) HC The instant Writ Petition was filed by a Cooperative Housing Society claiming to be the owners of land …
Filing of DIR-3 KYC WEB. The Companies (Appointment and Qualification of Directors) 3rd Amendment Rules 2019 The Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 have been notified w.e.f 25th July 2019. As per the said notification: (i) eForm DIR-3 KYC is to be filed by …
Late Fee notified for filing e-Form DIR-3 KYC or DIR-3 KYC-WEB under rule 12A of the Companies (Appointment and Qualification of Directors) Rules, 2014 Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 25th July, 2019 G.S.R. . ….. (E).-In exercise of the powers conferred by sections …