Prosecution 276C(2) - Evasion of tax vs evasion of payment of tax. High Court quashed prosecution when ITAT reduced income…
Press Information Bureau Government of India New Delhi, December 19th 2018 DIPP Clarification on IT Notice to Angel Investors /…
RBI launches December 2018 Round of Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH) The Reserve Bank of…
Re-assessment order passed in violation of guidelines laid down by the Supreme court in the case of GKN Driveshaft Ltd.…
GSTN has started sharing data with tax authorities on the following: a. Mis-match between figures reported in GSTR-1 & GSTR-3B.…
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 88/2018 New Delhi, the 18th December, 2018 INCOME-TAX G.S.R.…
DVO Report based on mere estimate not sufficient information for the purpose of reopening assessment u/s 147. ITAT deleted addition…
Motor car purchased by cash gift from wife and mother-ITAT upheld addition for unexplained cash as mere filing confirmations not…
Interest on FDRs-deduction of Interest paid on unsecured loans taken to make investment in bank FDRs allowed u/s 57(iii) in…
No entity could earn gross receipts, only profit embedded to be treated as income. ITAT upholds the order of CIT(A)…