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Expenditure on glow sign boards was revenue in nature as it did not bring into existence any asset or advantage for enduring benefit to the business of the assessee – ITAT ABCAUS Case Law Citation: ABCAUS 2628 (2018) (11) ITAT Important Case Laws Cited/relied upon: CIT vs. Orient …
Chartered Accountant alleges false implication by his client. High Court stays proceedings in Trial Court and admits appeal ABCAUS Case Law Citation: ABCAUS 2627 (2018) (11) HC Important Case Laws Cited/relied upon: A Chartered Accountant had filed an application under section 482 of CrPC against the State and …
High Court declines to quash criminal proceedings u/s 276B for alleged non deposit of TDS, grants liberty to move discharge application before CJM Court ABCAUS Case Law Citation: ABCAUS 2626 (2018) (11) HC An application was moved before the High Court under Section 482 Cr.P.C. for quashing the …
Companies Registered Valuers and Valuation 4th Amendment Rules 2018. Eligibility Qualification and Experience for Registration as Valuer Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th November, 2018 G.S.R….…(E).– In exercise of the powers conferred by section 247 read with section 469 of the Companies …
NFRA Rules 2018 notified by MCA. NFRA shall monitor/enforce compliance with accounting / auditing standards. Auditor to file annual return The Ministry Of Corporate Affairs (MCA) has notified the National Financial Reporting Authority Rules, 2018. The NFRA (the Authority) shall have power to monitor and enforce compliance with …
Section 54F exemption is for cost of new asset, not consideration paid for acquisition. AO was held wrong in holding that expenses were made to make house luxurious and comfortable ABCAUS Case Law Citation: ABCAUS 2625 (2018) (11) ITAT The instant judgment was delivered in a batch of …
ITAT jurisdiction to consider rectification application is extremely limited. Supreme Court dismisses SLP of the Petitioner ABCAUS Case Law Citation: ABCAUS 2624 (2018) (11) SC Earlier, the petitioner had approached High Court against the order of the Income Tax Appellate Tribunal (ITAT) in declining to rectify its previous …
Central Government establishes Adjudicating Authority and Appellate Tribunal at Delhi under Prohibition of Benami Property Transaction Act, 1988 (the Benami Act) Authority/Tribunal Place Adjudicating Authority appointed to exercise jurisdiction, powers and authority conferred by or under the Benami Act The jurisdiction of the Adjudicating Authority shall be over the …
Uttar Pradesh GST Department to conduct e-hearing assessment of corporate dealers for transparency and minimum interface with trader. Uttar Pradesh GST Department has decided to make assessment of corporate dealers through e-hearing. Earlier a corporate circle was formed with the objective that in each zone jurisdiction for top …
Supreme Court agrees to examine legality of re-assessment notice of Sonia and Rahul Gandhi case in connection with Young Indian share allotment. The Supreme Court has agreed to examine the appeal filed by the Congress leaders including Sonia Gandhi, Rahul Gandhi and Oscar Fernandes, in the re-opening of …
