Month: December 2019
IBC (Amendment) Ordinance 2019 Promulgated, gives immunity against prosecution of corporate debtor The President of India has promulgated the Insolvency and Bankruptcy Code (amendment) ordinance, 2019 to amend the Insolvency and Bankruptcy Code. As stated, the Ordinance was brought in view of the need to give the highest …
When cash deposit was fully explained no peak credit addition was required as directed by ITAT while remitting the matter back to Assessing Officer ABCAUS Case Law Citation:ABCAUS 3210 (2019) (12) ITAT The single issue involved in the instant case was confirmation by the CIT(A)of the addition made …
Notifications/order issued for implementation decisions of 38th GST Council Meeting Central Tax Notifications Notification No. & Date of Issue Subject 78/2019-Central Tax ,dt. 26-12-2019 download Seeks to extend the due date for furnishing of return in FORM GSTR-7 for registered persons in Assam, Manipur or Tripura for …
Income Tax appeals pending with CIT(A) for more than 5 years to be disposed off by 31.03.2020 – CBDT In a communication addressed to all Pr. CCITs, CBDT has expressed serious concern over non-disposal of appeals pending for more than 3 years and 5 years with CIT(A). The …
Income tax department not entitled to make application to Court for returning seized property. Sessions Court dismissed Revision Application ABCAUS Case Law Citation:ABCAUS 3209 (2019) (12) AC Important case law relied upon by the parties:Union Bank of India Vrs. Judicial Magistrate 1983 ITRDeputy Director of Income Tax (Investigation) Vrs..State of Gujarat and Anr 319 ITR …
Deadline for submitting response in e-assessment proceedings is 29.12.2019. As per instruction circulated by the Directorate of Income Tax (Systems), the deadline for submitting response in e-assessment proceedings is 29.12.2019. It has been stated that the facility for electronic submission of documents through “e-proceedings” options in income tax …
CBDT appoints 187 IRS officers to the grade of Joint Commissioner of Income Tax (JCIT) on ad-hoc basis CBDT has appointed 187 officers of Indian Revenue Service to the grade of Joint Commissioner of Income Tax (JCIT) purely on ad-hoc basis in Level – 12 in the pay …
Amendment in import policy conditions of gold and silver from Free to Restricted To be published in the Gazette of India Extraordinary Part-11, Section-3, Sub-Section (II) Government of IndiaMinistry of Commerce & IndustryDepartment of Commerce Directorate General of Foreign Trade Notification No. 36/2015-2020 New Delhi, Dated: 18th December, …
Income Tax Department can not recover outstanding dues under MPID Act as it cannot be treated like the claim of investors ABCAUS Case Law Citation:ABCAUS 3208 (2019) (12) AC In the instant case, the Income Tax Department (ITD/Revenue)had filed a Miscellaneous Application before the designated Sessions Court seeking …
Revised Dates for CS Examinations which were postponed in Dec 2019 at all Centres across the Country and Abroad The exams scheduled on 20th, 21st, 23rd and 24th December, 2019 will now be held on 31st December, 2019, 1st, 2nd and 3rd January 2020 respectively as per details …
