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It is incumbent upon CIT(A) to examine the veracity of the statements made in affidavits. Addition u/s 68 for cash deposits in bank restored to CIT(A) ABCAUS Case Law Citation:ABCAUS 3225 (2020) (01) ITAT The Assessing Officer (AO) made ex parte addition representing the cash deposits made …
DGFT delegates authority of approving proposals for consolidation of goods related to manufactured articles Government of India Ministry of Commerce and IndustryDepartment of CommerceDirectorate General of Foreign TradeUdyog Bhavan Notification No. 42/2015-20 New Delhi, dated the 10th January , 2020 Subject: Amendment in Para 6.01(k) of Foreign Trade …
Exemption from clubbing of investment limit for foreign Govt. agencies and its related entities. Amendment to Operational guidelines for FPIs & OOPs/EFIs Securities and Exchange Board of India CIRCULAR IMD/ FPI&C/CIR/P/2020/07January 16, 2020 To1. All Foreign Portfolio Investors (“FPis”) through their Designated Depository Participants (“DDPs”)/ Custodian of2. Designated …
CBDT Circular on deduction of Tax (TDS) on Salaries u/s 192 of the Income Tax Act, 1961 during FY 2019-20. CBDT has issued circular no. 4/2020 specifying guidelines for TDS on Salaries for the Financial Year 2019-20. CBDT Circular – TDS on Salaries during FY 2019-20. The Circular …
Addition for investment in penny stock company remitted to record how assessee involved in promoting company and how inflated shares of company ABCAUS Case Law Citation:ABCAUS 3224 (2020) (01) ITAT Important case law relied upon by the parties:Kanhaiyalal & Sons (HUF) v. ITO In the instant case, the …
RBI enhances Security of Card Transactions. Restrictions & options to cardholders. Contact based points of usage in India, decision based on risk perception Reserve Bank of India, in order to improve user convenience and increase the security of card transactions, has decided to enhance the Security of Card …
Two different proceedings arising out of same assessment should be disposed together to avoid multiplicity of proceedings and conflicting judicial opinion ABCAUS Case Law Citation:ABCAUS 3223 (2020) (01) ITAT In the instant case appeal arose out of the order passed by the Assessing Officer under Section 154 of …
No bar in law for a person dealing in land to also have investment in land. Assessee can hold same class of assets as investment and also as stock in trade. SC dismissed SLP of the Revenue ABCAUS Case Law Citation:ABCAUS 3222 (2020) (01) SC The Respondent …
Guidelines for submission of Cash / Non-Cash documents at Trade Marks Registry. Trade Mark Registry has issued a Public Notice specifying Guidelines for submission of Cash / Non-Cash documents at Trade Marks Registry. The Trade Mark Registry took into notice that the documents submitted at the counter of …
Revisional Authority appointed under CGST Act 2017. Read Notification issued Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and Customs Notification No. 05/2020 – Central Tax New Delhi, the 13th January, 2020 G.S.R…..(E).– In pursuance of the provisions of section 5 read with clause (99) …