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Inability to produce evidence by Legal representative of assessee alone should not be a basis to decide allowability of expenses. ABACUS Case Law CitationABCAUS 3366 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance under the head …
Term of Office of Acting President, NCLT is extended for one month w.e.f. 05.08.2020 MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 18th August, 2020 S.O. 2796(E).—In continuation of this Ministry’s notifications S.O. No.72(E) dated 03rd January, 2020, S.O. 1393(E) dated 29th April, 2020 and S.O. 2377(E) dated …
Relief to companies not able to hold AGM for FY ended on 31.03.2020 can apply for extension to ROC in Form GNL-1. General Circular No. 28/2020 F. No. 2/4/2020-CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New …
Steps for downloading document-wise details of Table 8A of Form GSTR-9 in Excel Format GSTN advisory Downloading document-wise details of Table 8A of Form GSTR-9 1. A facility has been provided to the taxpayers to download document wise details of Table 8A of Form GSTR-9, from the portal …
Exemption from Special Warehouse (Custody and Handling of Goods) Regulations 2016 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 77 / 2020-Customs (N.T.) New Delhi, the 17th August, 2020 G.S.R. 511(E).—In exercise of the powers conferred by section 157 …
Conditions to be satisfied by pension fund for exemption u/s 10(23FE). Guidelines for notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 67/2020 New Delhi, the 17th August, 2020 INCOME-TAX G.S.R. 508(E).—In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation …
Limitation period for making application for initiation of CIRP is three years from date of default. IBC not a money recovery legislation for creditors – SC ABACUS Case Law CitationABCAUS 3365 (2020) (08) SC Important case law relied upon by the parties:B. K. Educational Services Pvt. Ltd. vs. …
Depreciation disallowed on VAT portion of capital goods suspected to be purchased from grey market ABACUS Case Law CitationABCAUS 3364 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of depreciation on capital assets purchased and used …
ICAI releases Frequently Asked Questions for May/November 2020 CA Exams. Students have to fill fresh examination Forms for next exams to be held in November 2020. ICAI, in view of the Covid-19 situation, had cancelled May 2020 Examinations and merged the May 2020 attempt with November 2020 Examinations …
CBDT reconstitutes Regional e-Assessment Centers. Read list of Income-tax Authorities for 30 reconstituted ReACs F. No 187/3/2020 ITA-1Government of India Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA Division)******* North Block, New Delhi – 110001Dated the 13th August, 2020 Office Order -2 Subject: Setting up / …
