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For grant of registration u/s 12A if tax not deducted at source (TDS) from salary or salary paid partly in cash and partly by cheque is irrelevant ABCAUS Case Law Citation:ABCAUS 3259 (2020) (02) ITAT In the instant case, the appeal had been filed by the Assessee against …
Godown used for storage of explosives qualifies for exemption u/s 54G being a place used for purpose of business of Industrial Undertaking ABCAUS Case Law Citation:ABCAUS 3258 (2020) (02) SC The Hon’ble Supreme Court had dismissed the SLP of the ITD against the judgment of the High Court …
FCRA exemption to organisations constituted under a Central/State Act etc. getting accounts compulsorily audited by CAG / its agencies MINISTRY OF HOME AFFAIRS ORDER New Delhi, the 30th January, 2020 S.O. 459(E).—Whereas the Central Government is of the opinion that it is necessary and expedient in the interest …
Extension of period for Nidhi Companies for making declaration in Form NDH-4 Government of IndiaMinistry of Corporate AffairsNOTIFICATION New Delhi, the 14 February, 2020 G.S.R. 114(E).- In exercise of the powers conferred by sub-section (1) of section 406 read with sub-sections (1) and (2) of section 469 of the Companies …
In absence of accounts/certificate of agriculture activity claimed to have been carried out, mere affidavit not sufficient to discharge the burden ABCAUS Case Law Citation:ABCAUS 3257 (2020) (02) HC Important case law relied upon by the parties:Smt. Prem Sundari vs. CIT The appellant assessee was engaged in the …
Reopening u/s 147 /148 for escaped interest income upheld when AO by oversight failed to assess interest income duly disclosed in the books of accounts ABCAUS Case Law Citation:ABCAUS 3256 (2020) (02) HC Important case law relied upon by the parties:Commissioner of Income-Tax v. Corporation Bank Ltd. (2002) …
Corrigendum cannot validate draft assessment order passed u/s 143(3)/144C by Assessing Officer clearly mentioning that order passed was a draft assessment order ABCAUS Case Law Citation:ABCAUS 3255 (2020) (02) ITAT Important case law relied upon by the parties:Vijay Television P. Ltd. Vs Dispute Resolution Panel & Ors. (2014) …
Interest calculation on delayed gst payment based on gross/net GST liability-CBIC Clarification CBIC through its official twitter handle has justified the levy of interest on delayed payment based on gross GST liability by issuing following clarification: There are some discussions in social media w.r.t. interest calculation on delayed …
Guidelines for initiation of PF inquiries u/s 7A. Mere complaint is not a prima-facie evidence and is required to be investigated by an Enforcement Officer EMPLOYEES’ PROVIDENT FUND ORGANISATION No.C-11/20/76/Misc./2020/CBE/TNI/ 027 Date:14.02.2020 ToAll AddI. Central PF Commissioners {Zones),All Regional PF Commissioners of Regional Offices,All Officers-in-charge of District Offices …
CBDT designates CJM Court of UT of J&K as Special Courts for Trial of Offences under Income Tax Act MINISTRY OF FINANCE(Department Of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V) Notification No. 09/2020 New Delhi, the 12th February, 2020 S.O. 664(E).—In exercise of the powers conferred by sub-section (1) …
