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No penalty u/s 271A when assessee was under Bonafide belief that being covered under section 44AF he was not required to maintain books of account ABCAUS Case Law Citation: ABCAUS 2787 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties ACIT vs Anil Luthra (2001) 116 …
Rectification order u/s 154 revising NP rate on the basis of previous year’s chart was beyond the scope of rectification of mistake and amounted to change of the decision – ITAT ABCAUS Case Law Citation: ABCAUS 2786 (2019) (02) ITAT The assessee had challeneged the rectification order passed …
ICAI not authorised to clarify on applicability of auditors rotation in a company u/s 139 of the Companies Act, 2013, MCA asks ICAI to withdraw announcement F. No. 01/33/2013-CL.V (Pt.)Government of IndiaMinistry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi- 110001 Dated:- …
Even if at passing the original assessment order, there is a mistake or non-application of mind, initiation of re-assessment the proceedings bad in law – HC ABCAUS Case Law Citation: ABCAUS 2785 (2019) (02) HC Important Case Laws Cited/relied upon by the parties Calcutta Discount Co. Ltd. Vs. …
Statement recorded u/s 131 though binds the assessee cannot be independently used for making addition unless corroborated by evidences – ITAT ABCAUS Case Law Citation: ABCAUS 2784 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties CIT Vs M/s. Hotel Meriya ; Produce Co. Ltd. vs …
IRS Officer along with mother sent to Rigorous Imprisonment in a disproportionate assests case by the CBI Court The Special Judge, CBI Cases, Dehradun (Uttarakhand) has sentenced Shri Swetabh Suman (an IRS Officer of 1988 Batch), the then Additional Commissioner of Income Tax, Jamshedpur to undergo seven years …
Information Commissioners appointed from other streams also and not limited only to the Government employee/ex government employee – Says Supreme Court. Search Committee to make the criteria for shortlisting candidates public ABCAUS Case Law Citation: ABCAUS 2783 (2019) (02) SC A Public Interest Litigation was filed by the …
ITD has become more technology driven and taxpayer friendly organisation committed to collect the revenue while not losing sight of the citizen-centric initiatives – says CBDT Outgoing Chairman In a message, Shri Sushil Chandra, outgoing Chairman, CBDT has expressed thanks to Income Tax Family for their support and said …
Aadhaar-PAN linking is mandatory now which has to be completed till 31.3.2019 by the PAN holders requiring filing of Income Tax Return. Income Tax Department in a latest advisory has stated that Aadhaar-PAN linking is mandatory now which has to be completed till 31.3.2019 by the PAN holders …
Shri PC Mody takes over as the new Chairman of CBDT F.No.A.12026/4/2018-Ad.IGovernment of IndiaMinistry of FinanceDepartment of Revenue*** New Delhi, the 15th February, 2019. OFFICE ORDER No. 38/2019 The President of India is pleased to appoint Shri Pramod Chandra Mody, IRS (IT:82004), presently working as Member, Central Board …
