• Income Tax

Assessee entitled to claim set-off of loss against income assessed u/s 115BBE till AY 2016-17 – Circular

7 years ago

Assessee is entitled to claim set-off of loss against income determined under section 115BBE of the Act till the assessment…

  • Income Tax

Depreciation on intangible assets on conversion of proprietorship into private ltd. company allowed

7 years ago

Depreciation on intangible assets on conversion of proprietorship into private limited company allowed as the transaction was not considered sham…

  • Income Tax

Addition made in the present year to WIP to be considered as opening stock next year – ITAT

7 years ago

Addition made in the present year to work-in-progress to be considered as opening stock next year-ITAT directs AO ABCAUS Case…

  • Excise/Custom

Customs (Supplementary Notice) Regulations 2019. Issue of Supplementary notice

7 years ago

Customs (Supplementary Notice) Regulations, 2019. Supplementary notice where notice / show cause has been issued under section 28 or section…

  • Income Tax

15 Senior IRS Officers compulsorily retired by the Government with immediate effect 

7 years ago

15 Senior IRS Officers compulsorily retired by the Government in public interest with immediate effect. Order in each case issued…

  • DGFT

CA to give destruction certificate for unutilized duty free imported material under para 4.49 of HBP

7 years ago

CA to give destruction certificate for unutilized duty free imported material from unregistered sources with pre-import condition. Requirement of destruction…

  • SEBI

Design of Commodity Indices and Product Design for Futures on Commodity Indices-SEBI Circular

7 years ago

Design of Commodity Indices and Product Design for Futures on Commodity Indices SECURITIES AND EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/CDMRD/DNPMP/CIR/P/2019/71…

  • Income Tax

CBDT eases approval for paper refunds in exceptional situations where there is no alternative

7 years ago

CBDT eases approval process for paper refunds in exceptional situations where there is no alternative ITBA Assessment Instruction No. 9/2019…

  • Income Tax

Non raising limitation issue and participation in proceeding not precludes assessee to raise it later

7 years ago

Non raising of limitation issue and participation in assessment proceeding not precludes assessee to raise such issue at a later…

  • Income Tax

No Penalty u/s 271(1)(c) on statutory disallowances u/s 40(a)(ia) 40A(3) – ITAT deleted penalty

7 years ago

On statutory disallowances u/s 40(a)(ia) 40A(3) there cannot be any penalty u/s 271(1)(c) especially when assessee not claimed deduction of…