Day: July 28, 2020
Statement of income of investment fund to unit holders u/s 115UB to be in electronic form. CBDT amends form 64C and 64D MINISTRY OF FINANCE(Department of Revenue) Notification No. 55/2020 New Delhi, the 28th July, 2020 INCOME-TAX G.S.R.469(E).—In exercise of the powers conferred by sub-section …
Addition based on statement recorded deleted as witness did not appear for cross examination on Departments notice ABCAUS Case Law Citation:ABCAUS 3345 (2020) (07) ITAT Important case law relied upon by the parties:Kishanchand Chellaram 125 ITR 713 (SC)Andaman Timber Industries 281 CTR 214 (SC The Assessee had challenged …
Disallowance u/s 40A(2)(b) AO has to form opinion if expenses more than FMV according to legitimate needs of business. ABCAUS Case Law Citation:ABCAUS 3344 (2020) (07) ITAT Important case law relied upon by the parties:Flour Mills Vs. ACIT (2009) 314 ITR 1 (Guj.)CIT Vs. Shatrunjay Diamonds (2003) 261 …
Relaxations relating to procedural matters in Takeovers and Buy-back to apply to open offers and buy-back through tender offers Securities and Exchange Board of India CIRCULARSEBI/HO/CFD/DCR2/CIR/P/2020/139 July 27, 2020 ToAll Listed EntitiesAll Recognized Stock ExchangesAll Registered Merchant Bankers Dear Sir/Madam, Sub: Relaxations relating to procedural matters –Takeovers and …